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View Diary: Flash: Constitutional Challenge To Debt Limit Nixed By Treasury GC (37 comments)

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  •  episty - there is absolutely no Constitutional (1+ / 0-)
    Recommended by:
    Gary Norton

    requirement for Congress to raise he debt limit, at any time, for any reason. If there was a requirement, why would they even have to vote? The Supreme Court will not be involved if the debt limit is not raised. Why would they be? The Treasury Department has made it very clear that the debt limit is a Congressional power, not an executive branch authority.  The only time the DC Court of Appeals would have been involved is if the executive branch had tried to issue debt above the statutory limit. At that point the House could have had the DC Court issue a TRO to stop them.

    "let's talk about that"

    by VClib on Fri Jul 08, 2011 at 09:58:56 PM PDT

    [ Parent ]

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