The debt ceiling is very likely unconstitutional and Obama could remove it.
In this article a former Reagan and Bush(I) Treasury official says debt ceiling is unconstitutional: “Furthermore, it’s worth remembering that the debt limit is statutory law, which is trumped by the Constitution which has a little known provision that relates to this issue. Section 4 of the 14th Amendment says, ‘The validity of the public debt of the United States…shall not be questioned.'”
The constitutionality of the debt ceiling is also discussed here where it reports that senators are starting to mention the debt ceiling is unconstitutional.
KZ
EDITOR: The time and place for deciding spending is the budget process. The debt ceiling has been routinely raised over a hundred times over the past five decades. Right wing conservatives are holding our national honor and fiscal integrity at ransom rather than debating their issues in the proper forum.
