I would like to make a comment on Bob Bennett's excellent opinion piece on why the debt ceiling has to be raised ("Raising the debt limit is necessary," Oct. 7).
Every single bill presented to the Treasury represents funds that were legally and lawfully appropriated by Congress. Failure to pay any of these bills therefore constitutes a default. Due to this, many legal experts believe that Treasury lacks any legal authority to pick and choose which bills to pay.
Here's something else I would like my conservative friends to consider: Let's say the debt limit is breached and the Treasury Department does prioritize payments. Treasury is an executive branch agency, which means that you are effectively giving President Obama the authority to decide who to pay and who to stiff. Is that your end goal?
- In our opinion: U.S. needs immigration...
- How America feels about Mitt Romney right now
- Michael Gerson: Obama’s executive order...
- In our opinion: 70 mph — driving at the...
- Greg Bell: It's time to raise the gas tax
- My view: Global warming needs free market
- Dan Liljenquist: Obamacare was a rude...
- Lois M. Collins: Daddy-daughter duo turn trip...
- Letter: Where jobs come from 64
- Dan Liljenquist: Obamacare was a rude... 61
- Letter: Growing party divide 52
- In our opinion: U.S. needs immigration... 51
- Michael Gerson: Obama’s executive... 44
- In our opinion: When it comes to... 40
- How America feels about Mitt Romney... 39
- Letter: Speed limit increase 26