Of course the debt limit is in the Constitution. It's right there in Article 1, which assigns to Congress the authority to borrow against the credit of the United States.
And that's a pretty important issue! If we are going to be obligating generations of Americans to paying back debts we want to make sure the democratic process confirms that we really want to do that.
The debt limit is merely the term we use to describe the amount that, as per Constitution, our representatives have authorized to be borrowed.
No a limit does not question the validity of the debt. Exactly the opposite! The limit makes very clear what is valid debt, exactly so that people don't have to question it.
Nobody is talking about stopping borrowing here. The entire question is about whether there can be more borrowing, even as existing borrowing continues.
The president wants more power to borrow, and as per the Constitution, he can't have that power without permission of Congress. That's all we're talking about here, the expansion of the president's power.
Our representatives are skeptical of expanding the president's power, so they are negotiating that expansion, exactly as the Constitution calls for as part of the checks and balances design of the federal government.
They're not stopping him from borrowing, though. The Treasury will continue to borrow as it has been authorized previously. This is a question of new borrowing power.
Ok, so you're only interested in sophistry.
Go have fun with it in private.
Wash your hands afterwards.
Sophistry? The US government is in a really bad place right now, and unless we are clear about what happened, we are not going to be holding to account the politicians who are responsible for putting us in this place.
This is important stuff!
We keep reelecting politicians who keep screwing up, and unless we correct the record and stop letting them point fingers elsewhere, we're just going to get more of the same, more of this over and over.
The politicians that promised spending without actually funding their programs have really put us in a bind now, but we reelected most of them because we never call them out for what they have done.
Let's change that, and get better government officials in place.
@volkris @KimPerales
The power to borrow is in the constitution.
The requirement to NOT bring into question the validity of the debt is in the constitution.
A limit that BY DEFINITION questions the validity of the debt is NOT in the constitution.
The constitution grants the power to borrow. NOT the power to stop borrowing.