31 USC 3102

http://www.peaceteam.net/action/pnum1082.php

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President Must Invoke 31 USC 3102 Action Page:
http://www.peaceteam.net/action/pnum1082.php

With this context, it is astonishing that apparently nobody has
bothered to read the text of Public Debt Law of 1941 itself, embodied
in 31 USC 3101, which is what codifies a national debt limit. That
law states that

"The face amount of obligations issued under this chapter and the
face amount of obligations whose principal and interest are
guaranteed by the United States Government (except guaranteed
obligations held by the Secretary of the Treasury) may not be more
than [some arbitrary huge number] . . . "

Please take careful note of the words "EXCEPT guaranteed obligations
held by the Secretary of The Treasury". By undeniably clear law as
passed by Congress, such obligations are NOT constrained by any
so-called debt limit. Now all you have to do is run your finger down
to the very next section 31 USC 3102 [Bonds] and you will read

"With the approval of the President, the Secretary of the Treasury
may borrow on the credit of the United States Government amounts
necessary for expenditures authorized by law . . . "

By this section Congress gives the President the EXPRESS, inherent
and unilateral authority to direct the Secretary of the Treasury to
incur obligations to cover all expenditures authorized by law, which
is to say the sum of the appropriations bills Congress has already
passed. And as we have just so clearly demonstrated such obligations
are immune from any so-called debt ceiling limitation. Surely there
is some White House attorney smart enough to figure this all out as
we have.

The President must invoke this authority now, as he is fully
empowered to do by 31 USC 3102. And then Congress needs to get
serious about raising the revenues to pay its bills, and not just on
the backs of poor people.

Time To Expel Rep Steve King From the House?

Thom plus logo Congressman Steve King, in a new Internet meme, says that red state America has 8 trillion bullets and blue state America is still debating who can use which bathroom.