Yellen Is Wrong: The Debt Ceiling Presents No Constitutional Crisis

Source: Future of Freedom Foundation
by Jacob G Hornberger

A few days ago, Treasury Secretary Janet Yellen stated that adhering to the debt ceiling would produce a ‘constitutional crisis.’ Her statement, however, reflects her lack of understanding of both fiscal and constitutional principles. The debt ceiling is a law that has been duly enacted by Congress. No one, including Yellen, has ever suggested that the debt-ceiling law violates the Constitution. Therefore, for Yellen to say that complying with a duly enacted constitutional law would provoke a ‘constitutional crisis,’ well, that’s just plain silly.” (05/10/23)