Whose constitution? — North Korea’s?
[W]hether Obama could invoke the 14th Amendment to raise the debt limit is an open legal question.
But that isn’t deterring some Democrats.
Sen. Tom Udall (D-N.M.) said on Friday the Constitution not only allows Obama to bypass Congress on the debt ceiling — it compels him to.
“I think [the Constitution] is pretty clear. He must do something about paying the bills,” Udall said. “If Congress doesn’t give him an avenue to do that, a leader needs to take a course of action if the bills aren’t being paid. That could be devastating to our economy. It could be devastating to our reputation around the world.”
The nation reached its $16.4 trillion borrowing limit on Dec. 31, and Treasury Secretary Timothy Geithner says his department is currently taking “extraordinary measures” that will only allow the nation to pay its bills for about another two months.