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News Link • Government Debt & Financing

Scholar cautions Dems on constitutional argument against debt limit


Constitutional scholar Jonathan Turley spoke to Current TV’s liberal host Keith Olbermann last night and revealed that top Democrats had approached him for advice on the argument that the country’s constitutional debt limit may actually be “unconstitutional.”

Though Turley hedged his bets on a federal court siding with that argument, he noted that the matter had never been challenged in a court, meaning it could have an unexpected outcome. If the president decided to ignore the debt limit, however, it could add a constitutional crisis to an economic recession, setting up for an even more unexpected and potentially volatile political situation.

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