Detailed text transcripts for TV channel - MSNBC - 20130112:15:05:00
The president may be constitutionally obligated to ignore this debt ceiling fight, so if he follows the two scholars' lead and simply issues new bonds, congress be damned, he may be fulfilling the constitutional duty and that would be of course at the expense of the pesky separation of powers. oops. because that old document also stipulates that the congress and only the document has the power of the purse. article i of the constitution state s th states that the congress and not the president has the power to borrow money into credit of the united states, but when you face a congress who refu...
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