The Republican Party loves to use the Constitution in an abusive way to prove its points and its agenda.
This includes the demagoguery to refuse to agree to any tax increases to deal with the national debt and the debt ceiling!
Well, now, Bruce Bartlett, a former financial adviser and senior policy analyst to President Ronald Reagan, has pointed out that the 14th Amendment, Section 4, solves the issue as it states:
“The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.”
If that is the case, and many constitutional specialists believe that is so, then the argument is that the President of the United States can decide to so declare after all negotiations have been attempted and failed, and that would resolve the issue, and insure that all pensions and payments would be made no matter what the national debt becomes, rather than the constant threats, politics, and blackmail that the opposition constantly employs!
And the answer is that the American people, including the wealthy among us, will have to face reality that taxes are going to go up, in order to promote economic stability and growth, and that this is the price of keeping our freedom and liberty, to be socially responsible to the needs of a nation of more than 300 million in the early 21st century!