Former President Bill Clinton said he would use the 14th amendment to get around the debt ceiling if there was no other option in an interview with the National Memo.
Former President Bill Clinton says that he would invoke the so-called constitutional option to raise the nation’s debt ceiling “without hesitation, and force the courts to stop me” in order to prevent a default, should Congress and the President fail to achieve agreement before the August 2 deadline.
The Obama administration has in the past tried to claim this isn’t an option, but there is at minimum a very legitimate difference of opinion among extremely well informed individuals about how the 14th amendment should be interrupted.
There is a very solid legal argument to be made. If the President tries to obey the debt ceiling it could force him to take actions that would violate the Constitution by question the “validity of the public debt of the United States.” When face with violating either statutory law or the Constitution, obeying the Constitution is always paramount.
President Obama has been warning about possible catastrophe August 3rd if the debt ceiling isn’t lifted, but the catastrophe would only happen if Obama actively refused to follow Clinton’s interruption of the Constitution.