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Fourteenth Amendment Debt Ceiling

The Debt Ceiling Crisis: Approaching the Witching Hour

Geoffrey R. Stone | Posted 09.29.2011 | Politics
Geoffrey R. Stone

What is the relevance of section 4 of the 14th Amendment to the current crisis? What it seems to say is that the government must honor all public debt "authorized by law." This suggests that non-payment of our existing debt is not a constitutionally-permissible option for the president.