October 4, 2013
According to sources in Congress and the White House, Barack Obama is preparing to usurp the Constitutional power of Congress to control the purse strings of the federal government. The Obama plan entails using the 14th Amendment of the Constitution to bypass Congress on the upcoming debt ceiling debate and unilaterally raise the debt ceiling without the approval of Congress.
On Thursday Mark Levin cited several Congressional sources who have told him that Obama has no intention of negotiating with Congress on the debt, which is just under $17 trillion, the highest in U.S. history. When unfunded liabilities such as Social Security and Medicare are added in, the real debt is over $125 trillion -- a figure so astronomically high that the country has no hope of ever paying it back. Uncontrolled spending has led the nation to this point.
According to Levin, Congressional sources say that Obama does not want any limits on his spending ability, in spite of the fact that the Constitution specifically gives Congress the power to control spending. Further, the use of the 14th Amendment to bypass Congress has never been done before. Thus, such an act would be an entirely new "interpretation" of the 14th Amendment and would raise a plethora of Constitutional issues concerning separation of powers.
The 14th Amendment is written in several main sections, one of which deals with debts incurred by the federal government. Nowhere does the Amendment give a president the power to raise the debt ceiling. Nowhere does the Amendment mandate that overall federal spending be increased at the whim of a president, or anyone else in government, not even Congress.
The only mandate contained in the 14th Amendment regarding the national debt is that if the government runs out of money, the interest and principal on Treasury Notes, Bills, and Bonds, must be paid first before money is spent on anything else.
This means, simply, that the federal government must first make payments on the national debt before it funds anything else. Nothing is stated concerning raising the debt ceiling and borrowing more money, and certainly not spending more money in the middle of a debt crisis.
Thus, the use of the 14th Amendment to excuse such actions on Obama's part would be illegal and an impeachable offense. Yet he is being urged, according to Levin, to break the law by advisers inside and outside of government, such as Bill Clinton, Dick Durbin, Nancy Pelosi, liberal law professors, and members of liberal think tanks.
It is also safe to assume that he is being urged to break the law by George Soros, given that the last time this subject was raised a couple of years ago, it was Soros who encouraged Obama to bypass Congress entirely, set the Constitution aside, and do whatever he wants.
Levin maintains that this would create a Constitutional crisis of historic proportions, one that could lead the House to initiate impeachment proceedings against the president.