Is the debt ceiling unconstitutional?

Jun 30, 2011 11:02 AM
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Is the debt ceiling unconstitutional?
NEW YORK (CNNMoney) -- Amid fears the United States risks default if lawmakers don't raise the debt ceiling on time, some are suggesting President Obama could save the day by big-footing Congress.
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How? By invoking the Constitution and directing Treasury Secretary Tim Geithner to keep borrowing even if it means going past the statutory borrowing limit.

Really? They say default -- and by extension, the debt limit -- violates the 14th Amendment.

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