Professor Michael Abramowicz explained the 14th Amendment, and examine the argument being made by some that President Obama should invoke the 14th amendment, and therefore declare the debt ceiling unconstitutional, based upon the clause, "The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions …. shall not be questioned."
Keywords
Business & Commerce, Budget Deficit, Federal Budget, Courts & Judicial Process, Constitution