Breitbart: President Joe Biden on Sunday slammed Republican demands in negotiations to resolve the US debt ceiling standoff as “unacceptable” but said a solution can still be found before a disastrous default.
Speaking at a press conference just before leaving to return to Washington from the G7 summit in Hiroshima, Japan, Biden said Republicans’ latest demands for spending cuts as a condition for raising the US government borrowing authority were “frankly unacceptable.”
Biden said he would talk directly with Republican House Speaker Kevin McCarthy during his Air Force One flight on Sunday back to Washington and said “we can reach an agreement.”
However, he cautioned that he could not “guarantee that they wouldn’t force a default by doing something outrageous.”
Biden said that he was looking into an obscure constitutional clause in the 14th Amendment, which states that the validity of public debt “shall not be questioned” — and potentially authorizing the president to circumvent Congress and raise the debt ceiling himself.
“I think we have the authority. The question is could it be done and invoked in time,” he said, noting the likelihood of legal challenges to this and the rapidly approaching debt deadline.
The Treasury Department says that the government could run out of money and default on its $31 trillion debt as early as June 1 if Congress, where Republicans control the House of Representatives, does not authorize more borrowing. Read More …
Opinion: We talked about the 14th Amendment on Prophecy Today Radio (here).
Jimmy DeYoung: OK, RC so tell us about the debt ceiling – could that be the crisis to justify change to CBDCs?
Me: Picture two cars speeding towards a cliff in a game of chicken as each driver tries to bluff the other into giving up before both go off the cliff. The government plays this game every few years when the House of Representatives and the White House are in different parties.
Each one tries to bluff the other to gain political advantage.
In 2011 there was a near default and the ratings agency Standard & Poor’s lowered the US govt. AAA federal bond rating to AA+ where it has remained. At the very least, with this stalemate, another downgrade could be coming.
Keep in mind that in 2011 the debt was $14.7 trillion, less than half the $34.4 trillion it is today.
The trouble centers around raising the debt ceiling. Republicans want to cut federal spending as a pre-requisite for an agreement, and Biden wants no restrictions on spending whatsoever.
To remedy the stalemate, nearly a dozen left-wing senators — including high-profile members Bernie Sanders, Elizabeth Warren, and John Fetterman— sent a letter to Biden on Thursday endorsing the use of the 14th Amendment, which states 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.”
So, a dozen US Democrat Senators want to use the 14th amendment to justify paying America’s debts while bypassing Congress.
Even Janet Yellen has said in recent days that invoking the 14th Amendment is legally questionable and could create a “Constitutional crisis”. So in answer to your question, yes, it is possible.
Mr Joshua, well said very accurate, your discernment is excellent. As we look at the speed of which these prophetic events are happening, not only in our country but throughout the world especially the Middle East, start thinking of the parable Jesus told about the fig trees. It is widely believed and I believe this too, that we are in the last minutes of the last hour, and unless father God hits the time out button, which he has been known to do, the rapture of the church is closer than anyone realizes. And that will be when the last one that’s been called to salvation has received salvation, Jesus, here in the church age then the rapture comes. And only father God knows when that will be.
all we need now is to implement Skynet and we will officially be a Chinese province.
By the way the 14th amendment if used by the Biden admin is unconstitutional and doesn’t give him the authority to do what he wants in the manner that he is speaking of. This country is in shambles.