Friday, January 18, 2013

The Republican Debt Ceiling Gambit Is Unconstitutional

The Republican Debt Ceiling Gambit Is Unconstitutional: House Republicans are backing away from their threat to plunge the United States into a catastrophic budget default and will instead pursue the somewhat less reckless strategy of passing a three-month increase in the debt limit. According to House Majority Leader Eric Cantor (R-VA), the bill will also contain a provision cutting off congressional pay [...]/p