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Petitioning President Obama

Use your Constitutional power to honor America's financial commitments

The US Constitution says clearly that "the validity of the public debt of the United States, authorized by law ... shall not be questioned" and that "no money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law."

Every single cent of US public deficit spending was authorized by the Congress at some point in time. Thus these commitments, once passed into law, must be honored by the Treasury as a consequence of congressional appropriation.

The current cohort of GOP extremists, beholden to a radical fringe, can't (without new legislation signed by the president) undo commitments made throughout America's long history, under presidents of every political stripe.

Plain and simple: If Congress won't raise the so-called debt ceiling, the Treasury must still provide the funds that are a consequence of congressional appropriation, and the president must maintain the unquestionable validity of this country's financial commitments.

To do otherwise would violate the Constitution.

 

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