Should President Joe Biden try this, it will be one of the largest power grabs in recent history.
Instead of negotiating with Speaker of the House Kevin McCarthy, Biden eluded that he may use the 14th Amendment to raise the debt without authorization from our elected officials.
Host of ABC’s “This Week,” George Stephanopoulos pressed Treasury Secretary Janet Yellen over Biden’s threat to invoke the 14th Amendment.
Yellen said, “Our priority is to make sure that Congress does its job.”
“There is no way to protect our financial system in our economy, other than Congress doing its job and raising the debt ceiling and enabling us to pay our bills and we should not get to the point where we need to consider whether the President can go on issuing debt. This would be a constitutional crisis,” she added.
In other words, the Biden administration will create a crisis to make an unprecedented power grab.
From The Hill:
Stephanopoulos continued to press Yellen on the issue, asking if invoking the amendment was on the table if an agreement between Biden and Congress isn’t reached. Yellen responded there was nothing the president could do to avoid an “economic catastrophe” using the mechanism even though invoking the 14th Amendment would be a choice for Biden.
To his credit Stephanopoulos continued to press.
“I’m still not exactly clear on whether it’s on the table or off the table,” Stephanopoulos asked. “Is it a break glass in case of emergency option?”
“Look, I don’t I don’t want to consider emergency options. What’s important is that members of Congress recognize what their responsibility is, and avert what will surely be, regardless of how it’s handled, what option is used to handle it….an economic and financial catastrophe,” Yellen said.
“It sounds like you’re saying you don’t want to but you may have to,” Stephanopoulos asked.
“Well…what to do if Congress fails to meet its responsibility, there is simply no good options. And the ones that you’ve listed are among the not good options,” Yellen replied.
If Biden tries this, it would be a bigger power grab than his vaccine mandate. The whole point of the debt ceiling debate is accountability so that one person can’t charge the credit card anytime they want.
Biden is telling the House that if they don’t do want, he wants the executive office will try and seize power.
Lastly, if Joe successfully pulls this off and can recklessly charge the credit card, can you imagine what is going to happen with inflation?
Pressed by @GStephanopoulos about possibility of Pres. Biden invoking the 14th Amendment amid debt standoff, Treasury Sec. Janet Yellen says, “What to do if Congress fails to meet its responsibility—there is simply no good options.” https://t.co/KInxWHwCkT pic.twitter.com/2Rat8m8gLy
— This Week (@ThisWeekABC) May 7, 2023