A Default On The National Debt Can Only Occur With Intent

1383924_634136676617890_1665969312_nThe Constitution of the United States of America, Amendment XIV, Section 4:

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. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.

Once again, the excessive spending performed by the Federal government brings our nation to the end of the debt limit, which was written and passed into law the last time the excessive spending brought us to the end of the debt limit.  This is an endless cycle of our Federal politicians demonstrating their gamesmanship over the funding of the government, with arguments over this program and that, the fraudulent whoops of victory whenever spending cuts are made … because there never are any spending cuts, no minuses in spending, only decreases in proposed future increases that have yet to occur.

These last weeks, due to the stand-off on funding, less than 20% of Federal government is functioning. President Obama and his Democratic cohorts in Congress have been pounding the “We risk the first-ever default” line, threatening the stability of the financial markets and worse, the full faith and credit of the United States of America. These threats are all fraud, the same type they propound with their cries of “slash and burn” when conservatives manage to get some manner of control of the spending problem.

The only way the United States of America can default on its debt obligation is intentional, which would be a violation of the Constitution as I note above. The president is required to direct his Secretary of the Treasury to pay the debt service required, which as of today the monthly service amount is $32,110,000,000 (average for the past 6 months). Even though some functions of government are not in operation at the moment, tax collection is not one of them. Tax receipts to the tune of more than $220 billion flow into the national coffers each and every month, obviously more than required to pay the service on the National Debt–so the notion that default is even possible is a fallacy.

Another point to be made, when Obama demands the debt ceiling be raised or else default looms, he purposely confuses the notion that borrowing is necessary to pay for current debt incurred. What he wants is the ability to spend even more than he already has.  What needs to be done, since we are coming upon that lawful debt ceiling, is to stop spending.  Find the numerous places that are all over the outlays–the expenditures, the foreign aid given to actual enemies of this nation, just to name a few; truly eliminate them through the authorization and appropriations process and have the principle on the National Debt decrease instead of continuing to increase.

Wow, what a concept.

Maureen Mullins

California PolitiChick Maureen Mullins was born in March 1963 and if ever asked the proverbial 'Where were you when JFK was shot? she may confidently reply, 'In my playpen.' Her first true recollection of politics was when the usual after school re-runs of Gilligan's Island and Hogan's Heroes were being pre-empted by the Watergate hearings. This carried through to her discovery of CSPAN, when in doing research for an essay on Abscam for her high school government class, she heard Newt Gingrich giving Special Orders speeches on the subject from the well of the House of Representatives. Her first foray into political activity was to volunteer for the Reagan For President campaign in 1980, as she was only 17 that November and would not be able to cast a vote for him until 1984. She has subsequently done volunteer work on various House and presidential campaigns throughout the years. A dedicated Constitutionalist, one of Maureen's greatest honors was to be a charter member of Hillary Clinton's Vast Right-Wing Conspiracy and continues to this day to help the people of this country recognize and remember the value of true liberty.

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