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Coyotemike

Coyotemike

USA
May 2006

JUL 05, 2011 07:34 PM

You know that whole "debt ceiling" thing, and how it could fuck up our ability to pay some debts? Yeah, there's something about that everybody should read ...

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 the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.


Amendment 14, Section 4. Nonpayment of debts is unconstitutional.

abbazappa

abbazappa

Sacramento, CA
June 2006

JUL 05, 2011 07:44 PM

That would be true if the government shut down would cause "insurrection or rebellion" which it is not. Reaching the debt ceiling and having the United States not incur any new debt will not incite rebellion or insurrection. The Treasury will still be able to pay debt payments and repackage the debt. So close but no cigar.

Coyotemike

Coyotemike

USA
May 2006

JUL 05, 2011 07:46 PM

Someone got the lawyer signal?

spinhouse247

spinhouse247

Punta Gorda, FL
December 2003

JUL 05, 2011 07:51 PM

Which party is it that has yet to produce a budget?
http://nation.foxnews.com/charles-krauthammer/2011/07/05/where-democrat-budget-krauthammer-reduces-pbs-pundit-stammering-mess

I'm all for bombing the shit out of Lybia, but its unconstitutional. Had Bush done the same, MSNBC would need adult diapers for all the pundits shitting themselves over it. Play golf, vacation, campaign etc. That has been the hallmark of this administration.

IMHO, throw every fucking one of them out and elect real people that will get salaries that cover they're family's. In other words, they get military pay.

Coyotemike

Coyotemike

USA
May 2006

JUL 05, 2011 07:52 PM

abbazappa said:
That would be true if the government shut down would cause "insurrection or rebellion" which it is not. Reaching the debt ceiling and having the United States not incur any new debt will not incite rebellion or insurrection. The Treasury will still be able to pay debt payments and repackage the debt. So close but no cigar.



I don't think you read that right.

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.

spinhouse247

spinhouse247

Punta Gorda, FL
December 2003

JUL 05, 2011 08:05 PM

Coyotemike said:

abbazappa said:
That would be true if the government shut down would cause "insurrection or rebellion" which it is not. Reaching the debt ceiling and having the United States not incur any new debt will not incite rebellion or insurrection. The Treasury will still be able to pay debt payments and repackage the debt. So close but no cigar.



I don't think you read that right.

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.



The Treasury will continue to print worthless bills. Gov't (and ex) officials will lose paychecks (boo hoo). Cry me a river.

Canadian_Coat

Canadian_Coat

Brockville, ON
September 2008

JUL 05, 2011 08:21 PM

spinhouse247 said:
The Treasury will continue to print worthless bills. Gov't (and ex) officials will lose paychecks (boo hoo). Cry me a river.


See: Germany 1919-1933

spinhouse247

spinhouse247

Punta Gorda, FL
December 2003

JUL 05, 2011 08:36 PM

Canadian_Coat said:

spinhouse247 said:
The Treasury will continue to print worthless bills. Gov't (and ex) officials will lose paychecks (boo hoo). Cry me a river.


See: Germany 1919-1933



Where were you educated? The only thing to come of that era was trench warfare, mustard gas and Hitler (and the invention of the tank). The eventual gold from Germany and Austria was most likely pillaged from the Jewish citizens and other war crimes of WWII. Then again you are chiming in from a country that wouldn't exist if it wasn't for our help.

mydogfarted

mydogfarted

Oakland, NJ
June 2003

JUL 05, 2011 08:40 PM

spinhouse247 said:

Canadian_Coat said:

spinhouse247 said:
The Treasury will continue to print worthless bills. Gov't (and ex) officials will lose paychecks (boo hoo). Cry me a river.


See: Germany 1919-1933



Where were you educated? The only thing to come of that era was trench warfare, mustard gas and Hitler (and the invention of the tank). The eventual gold from Germany and Austria was most likely pillaged from the Jewish citizens and other war crimes of WWII. Then again you are chiming in from a country that wouldn't exist if it wasn't for our help.



He was educated in Canada, where they have a slightly different (and a tad more accurate) teaching of the war in schools. You really need to work on your trolling.

mydogfarted

mydogfarted

Oakland, NJ
June 2003

JUL 05, 2011 08:42 PM

Coyotemike said:
Someone got the lawyer signal?



zoom image

spinhouse247

spinhouse247

Punta Gorda, FL
December 2003

JUL 05, 2011 08:42 PM

Enough said. I'll sleep well tonight.

Oh Canada!

IDGAS

IDGAS

Jackson Heights, NY
March 2004

JUL 05, 2011 08:56 PM

Coyotemike said:
You know that whole "debt ceiling" thing, and how it could fuck up our ability to pay some debts? Yeah, there's something about that everybody should read ...

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 the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.


Amendment 14, Section 4. Nonpayment of debts is unconstitutional.


Related to the costs of the civil war and that the South would by paying their share back to the Union.

The application of this section to any other financial matter is absurd and a twisting worthy of rubber man.

FreakPirate

FreakPirate

Canada
November 2002

JUL 05, 2011 08:58 PM

spinhouse247 said:

Then again you are chiming in from a country that wouldn't exist if it wasn't for our help.



Where the fuck did you go to school you world ignorant troll?

Canadian_Coat

Canadian_Coat

Brockville, ON
September 2008

JUL 05, 2011 09:08 PM

spinhouse247 said:

Canadian_Coat said:

spinhouse247 said:
The Treasury will continue to print worthless bills. Gov't (and ex) officials will lose paychecks (boo hoo). Cry me a river.


See: Germany 1919-1933



Where were you educated? The only thing to come of that era was trench warfare, mustard gas and Hitler (and the invention of the tank). The eventual gold from Germany and Austria was most likely pillaged from the Jewish citizens and other war crimes of WWII. Then again you are chiming in from a country that wouldn't exist if it wasn't for our help.


I have NO idea what you mean from that last part. We kept a standing army until WW1 specifically in case we were attacked by the US (again, I might add). There was literally no help from you in becoming a country. We became recognized internationally due to our accomplishments in WW1 starting in 1914. And our ties with the US didn't become as close as they are until after WW2, so where you get this "Canada wouldn't exist without the US" BS is beyond me.

Second your knowledge of history is really poor. If it wasn't, you would have realized that I said "See: Germany 1919-1933" because they had to pay their war reparations, which caused them to print money to the point where it was worthless and their economy collapsed. Hitler's rise to power was from a direct result of said economic collapse.

And WW1 was from 1914-1918; 1917-1918 for the US in case you were unsure.

Nice anti-Semitic comment at the end though btw

abbazappa

abbazappa

Sacramento, CA
June 2006

JUL 05, 2011 09:10 PM

Coyotemike said:

abbazappa said:
That would be true if the government shut down would cause "insurrection or rebellion" which it is not. Reaching the debt ceiling and having the United States not incur any new debt will not incite rebellion or insurrection. The Treasury will still be able to pay debt payments and repackage the debt. So close but no cigar.



I don't think you read that right.

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.



If what you claim is true than the whole concept of a debt limit is unconstitutional in its entire conception. I don't see the Supreme Court raising the debt ceiling from the bench especially since they did not do this in the 90s.

Subrosa

Subrosa

San Francisco, CA
July 2004

JUL 05, 2011 09:16 PM

spinhouse247 said:
I'm all for bombing the shit out of Lybia, but its unconstitutional.



Precisely which portion of the Constitution are you relying on for this statement? Please be specific.

You could be relying on the War Powers Act to justify this statement, but gosh I'd really love to hear a "conservative"/originalist/textual justification for the validity of that piece of legislation.

Subrosa

Subrosa

San Francisco, CA
July 2004

JUL 05, 2011 09:20 PM

More relevantly, the "Constitutional Option" for obviating the debt ceiling limit is a pretty fascinating issue of law. I don't think anyone can say with any confidence that they know how that will turn out.

RedBstrd

RedBstrd

Riverside, CA
April 2004

JUL 05, 2011 09:23 PM

FreakPirate said:

spinhouse247 said:

Then again you are chiming in from a country that wouldn't exist if it wasn't for our help.



Where the fuck did you go to school you world ignorant troll?



He went to school in a country that wouldn't exist if it wasn't for French help. smile

khoos

khoos

HOPEFUL

Ottawa, ON

JUL 05, 2011 09:35 PM

Since we're in a bit of a Canada vs the US thing...
I thought this was appropriate:



I have no idea what he meant by

Then again you are chiming in from a country that wouldn't exist if it wasn't for our help.


Unless that statement was designed to intentionally display complete ignorance...

Canadian_Coat

Canadian_Coat

Brockville, ON
September 2008

JUL 05, 2011 09:41 PM

^^^LOL omg that made me laugh

khoos

khoos

HOPEFUL

Ottawa, ON

JUL 05, 2011 09:49 PM

Canadian_Coat said:
^^^LOL omg that made me laugh



I love the arrogant worms. smile

FreakPirate

FreakPirate

Canada
November 2002

JUL 05, 2011 10:06 PM

khoos said:

Unless that statement was designed to intentionally display complete ignorance...



zoom image

Canadian_Coat

Canadian_Coat

Brockville, ON
September 2008

JUL 05, 2011 10:25 PM

khoos said:
Since we're in a bit of a Canada vs the US thing...


I think it's more of a informed vs ignorant thing smile

dholokov

dholokov

Toronto, ON
April 2003

JUL 05, 2011 10:58 PM

Canadian_Coat said:

khoos said:
Since we're in a bit of a Canada vs the US thing...


I think it's more of a informed vs ignorant thing smile



The awesome part was that your first point actually supported his and he started screeching at you for it.

Coyotemike

Coyotemike

USA
May 2006

JUL 06, 2011 11:28 AM

IDGAS said:

Coyotemike said:
You know that whole "debt ceiling" thing, and how it could fuck up our ability to pay some debts? Yeah, there's something about that everybody should read ...

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 the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.


Amendment 14, Section 4. Nonpayment of debts is unconstitutional.


Related to the costs of the civil war and that the South would by paying their share back to the Union.

The application of this section to any other financial matter is absurd and a twisting worthy of rubber man.



I have to disagree with you on this. If that were the case, the Amendment would only be the second part, i.e.

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 the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.



And it is entirely possibly that a simple law, instead of a constitutional amendment would have been sufficient for the purposes of a one-time event.

But that first sentence:

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.



This is the part that expands the Amendment beyond just the Civil War. This is the part that, at least to my eyes, makes this Amendment-worthy. It is a protection for lenders from the U.S. Government arbitrarily deciding they aren't going to pay debts, pensions, bounties, etc.

This is also the section that can cause trouble for anyone who wants to try to remove or privatize Social Security. SS could be argued as a type of pension, paid into by anyone who gets a paycheck.

Now, someone also said that this theory might render the whole idea of the debt ceiling Unconstitutional. That would depend on what the purpose of the debt ceiling is. Remember, the debt ceiling is a self-imposed arbitrary number. It has been raised nearly as many times (if not more) than the number of years it's been around. The argument of purpose is:

It is meant to limit the amount of money the Government borrows, which would then render the Government unable to pay loans
or
It is meant to make the Government pause and take a look at its spending/revenue/etc and perhaps reassess priorities.

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