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?
- Most popular letters to the editor of 2013
- In our opinion: Don't raise the minimum wage
- Robert Bennett: Create wealth before...
- John Hoffmire: Fighting increasing health...
- Doug Robinson: The era of 'I'm sorry'
- The most popular letters to the editor of 2013
- Frank Pignanelli & LaVarr Webb: What's to be...
- In our opinion: Aging without a family