What does the Constitution Say About the Debt Ceiling Showdown?
February 24, 2023
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24:43Now PlayingWhat does the Constitution Say About the Debt Ceiling Showdown?
YouTube Description
as posted by the channelHarry talks with Constitutional Law Professor Michael Dorf about a theory he has developed for how President Biden can resist the efforts of House Republicans to drive the country over the financial cliff by refusing to extend the debt limit. Dorf locates his theory in basic separation of powers principles, and the idea that a President faced with the monumental damage to the national welfare of a default may take the “least unconstitutional option” of borrowing money (by issuing bonds) to cover the shortfall that Congress creates. The two discuss how the proposal would work in practice, its legal and constitutional underpinnings, and the likely set of practical steps and challenges that executing it would entail.
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