The claim—partly silly, partly dangerous—that President Obama may raise the debt limit unilaterally without the approval of Congress is again being raised. I addressed it previously here. Now it has been further debunked in a Wall Street Journal op-edauthored by David B. Rivkin and Lee A. Casey.
Under the Constitution, only Congress may incur debt. The exclusive power of the legislature to do so is one of the central parts of our governmental system, pre-dating the Constitution by centuries, and with its roots in colonial and British practice.
Those seeking this indefensible extension of presidential power argue that the existing level of entitlement benefits are “debt” and that the Fourteenth Amendment requires it to be paid.Details