Home > Main > McArdle relies on Tribe, gets 14th amendment logic wrong

McArdle relies on Tribe, gets 14th amendment logic wrong

July 10, 2011

Now we have people refering to Tribe as the ultimate smackdown of the 14th amendment argument.  Megan McArdle – who is nearly always wrong as far as I can tell – gets on the train headed down the tracks the wrong way.

We pay a huge price for monetary ignorance.

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  1. beowulf
    • TC
      July 10, 2011 at 11:40 pm

      lol – I almost wrote more in the post about her epic incompetence, but did not want to spend the time.

  2. gf
    July 10, 2011 at 5:26 pm
  3. Clonal Antibody
    July 11, 2011 at 10:58 pm

    James Galbraith on the 14th amendment – Hawk Nation: A Guide to the Catastrophic Debt Ceiling Debate

    Today this bad-faith law is pressed to its absurd extreme, to force massive cuts in public programs as the price of not-reneging on the public debts of the United States. Never mind that to force default on the public obligations of the United States is plainly unconstitutional. Section 4 of the 14th amendment says in simple language that public debts, once duly authorized by law and including pensions, by the way, “shall not be questioned.” The purpose of this language was to foreclose, to put beyond politics, any possibility that the Union would renege on debts and pensions and bounties incurred to win the Civil War. But the application is very general and the courts have ruled that the principle extends to the present day.

    What is going on in Congress at this moment already violates that mandate. It is an effort to subvert the authority of the government to meet and therefore to incur obligations of every possible stripe. It is an attack on the concept of government itself – as the “Tea Party” by its very name would no doubt agree. It therefore paints those deficit hawks who are using the debt ceiling to take budget hostages as enemies of the United States Constitution.

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