Since 1974, the Federal Budget has been its own 'debt ceiling' - & its own 'FLOOR.' The pre-1974 debt regime, based on the World War I 'Liberty Bond' program, has been implicitly repealed ever since - if not void ab initio thanks to the 14th Amendment. Here are 6 reasons why it is now null & void.
Six Legal Reasons the Federal Budget Is Its Own 'Debt Ceiling' - and 'Floor'
Forbes - 11 May 2023 23:50
Since 1974, the Federal Budget has been its own 'debt ceiling' - & its own 'FLOOR.' The pre-1974 debt regime, based on the World War I 'Liberty Bond' program, has been implicitly repealed ever since - if not void ab initio thanks to the 14th Amendment. Here are 6 reasons why it is now null & void.
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