No but we can hang Obama for treason if he defaults on the debt. By law the debt gets paid from the receipts. There is no reason to default on our debts, we don't need to borrow any more money, the feds will have to learn to do more with less and stop crying about it.
By God I am here to say thanks to JRK for SHARING his stupidity. Again. Thanks jrk.
Fuk you think that the President controls the governments purse strings. Why don't you show all where in the COTUS it says the President can do what you say.
Sure no problem. The 14th Amendment states, "the validity of the public debt of the United States, authorized by law shall not be questioned." This makes it illegal for each branch to default.
Perry v. the United States, affirmed the fundamental principle that Congress may not alter or destroy debts already incurred.
The president has emergency powers, to direct funds where needed under the "general welfare clause" the "necessary and proper clause" and "the commerce clause."
Any other questions?
No one is questioning the validity of the existing debt. Just the presidential authority to unilaterally increase that debt. He has none. The debt can only be increased by Congress. The presidunce has limited power to direct funds where needed. He has the power to direct discretionary funds to where they are needed, not funds that have been previously allocated. This was the excuse that obama himself used when he refused to prioritize necessary spending and divert funds from unnecessary spending to necessary spending as a result of the sequester.