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What does ChatGPT have to say about the Debt Ceiling Crisis?

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Scott Baker
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A: Yes, the government could potentially use United States Notes to pay off existing congressional appropriations that exceed the debt ceiling. However, it's worth noting that the use of United States Notes would likely face legal and political challenges, and there may be other consequences of using this approach that could be difficult to predict. Ultimately, the decision of how to address the debt ceiling and pay for government spending would be a matter of political and economic debate and negotiation.

Q: What previous court decisions, if any, would preclude using U.S. Notes to pay off previously authorized congressional appropriations?

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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)
 

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