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MineralMan (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:15 AM Original message |
In 1952, Harry Truman invoked the 14th Amendment to |
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HopeHoops (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:17 AM Response to Original message |
1. I can't see the relevance of what Truman did to the 14th, but paying our debt is explicitly stated. |
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MineralMan (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:20 AM Response to Reply #1 |
2. Some Congressman said that Truman invoked the 14th when |
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elocs (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:30 AM Response to Original message |
3. An earlier thread about Truman and the 14th: |
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MineralMan (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:34 AM Response to Reply #3 |
4. Yes. The information Clyburn provided was incorrect. |
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MineralMan (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:36 AM Response to Reply #3 |
6. The debt ceiling was never raised during the Truman |
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The Velveteen Ocelot (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:35 AM Response to Original message |
5. That would be the Youngstown Sheet & Tube case. |
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joeybee12 (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:36 AM Response to Reply #5 |
7. I agree...it's not clear-cut and remains unresolved especially since there |
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MineralMan (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:45 AM Response to Reply #7 |
9. Very risky, I think. If he uses it, it sets up an immediate |
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quiller4 (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 12:02 PM Response to Reply #9 |
13. No. Just as in the Truman case the issue would be dealt with |
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MineralMan (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:40 AM Response to Reply #5 |
8. Yes, but they're also heavily biased toward conservative views. |
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MineralMan (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:51 AM Response to Reply #5 |
10. Right. The Wikipedia link has an overview of the case. |
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leveymg (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:54 AM Response to Original message |
11. End run around the 14th is the emergency powers of the Fed already used to issue $16T in |
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MineralMan (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 11:58 AM Response to Reply #11 |
12. I saw that thread. Thanks. |
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leveymg (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 12:03 PM Response to Reply #12 |
14. The Fed already used its emergency powers in QE2. 16T didn't hyperinflate. They'll do it again. |
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Scurrilous (1000+ posts) Send PM | Profile | Ignore | Fri Jul-29-11 02:42 PM Response to Original message |
15. Thanks. |
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