DNC Looks to Declare They're Fighting Rebellion to Justify Unilateral Raising of Debt Ceiling Through Presidential Decree

DNC Looks to Declare They’re Fighting Rebellion to Justify Unilateral Raising of Debt Ceiling Through Presidential Decree

Paul Collier May 22, 2023 2 min read

A financial advisor for Goldman Sachs is claiming the U.S. Treasury only has two weeks of cash on hand if the debt ceiling is not raised by the time the current limit is set to expire. Treasury Secretary Janet Yellen claimed she would run out of cash by June 1^st, but the advisor, Alec Phillips, claims she has until June 8^th or 9^th. The administration is looking to once again use sophistry to create a “legal loophole” that was never intended, using the 14^th Amendment of the Constitution to claim the President can unilaterally act to extend the debt ceiling.

The key part of the 14^th Amendment is found in section 4, which reads, “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.”

This would mean the Democrats would have to be willing to declare the debt being incurred is somehow in an effort to suppress insurrection or rebellion which, for these same Democrats, means declaring opposition to their anti-American agenda an act of rebellion in and of itself. The move would mark a major escalation in the so-far cold civil war which inches closer and closer to a hot civil war with each passing day. The move by the DNC to declare their debt-piling is an effort to quash rebellion could lead Republican states to finally recognize the DNC as the foreign agent it has demonstrated it is for the last 10 plus years, escalated with the rise and fall of Donald J. Trump, who pushed the DNC to show more and more overtly what little regard they have for the Republic’s Rule of Law.