Obama and the Debt Limit: Avoiding Default While Respecting the Constitution
4 Pages Posted: 15 Nov 2022
Date Written: July 30, 2011
So-called "conservative" constitutional law scholars endorsed the power of President Obama to override the statutory "debt ceiling" limit in 2011. They reached the right conclusion for the wrong reasons. So-called "liberal" constitutional scholars put forth arguments better grounded in original constitutional text and history.
Keywords: debt limit, 14th Amendment, presidential power
JEL Classification: K39
Suggested Citation: Suggested Citation