US National Debt: “Validity” Doesn’t Forbid Default

In a letter to the editor of the Washington Post (“The Constitution demands the debt be paid. Period.”), one Maurice F. Baggiano claims: “As long as public debts are authorized by law, they may not be questioned and must be paid. That’s the import of Section 4 of the 14th Amendment.” Mr. Baggiano seems to be … Continue reading US National Debt: “Validity” Doesn’t Forbid Default → - by Thomas L. Knapp
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