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OpEdNews Op Eds    H3'ed 8/2/11

Bipartisan Debt Deal Betrayal

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Bipartisan Debt Deal Betrayal - by Stephen Lendman

Seven previous articles explained the following:

(1) Bipartisan lying manipulated popular sentiment to believe what political Washington won't tolerate - defaulting or not raising the debt ceiling. In fact, it's been done routinely 74 times since 1962, including 10 times in the last decade. Moreover, whatever may unfold ahead, default won't happen now, and top officials know it.

In addition as Ellen Brown explains in her latest article headlined, "Bipartisan 'Russian Roulette' and America's Federal Debt: The Debt Ceiling Is Unconstitutional," authority under the 14th Amendment's Section 4 mandates paying public debt obligations.

Despite a nonsensical 1917 law imposing a debt limit, the 14th Amendment says "the validity of the public debt of the United States....shall not be questioned." As a result, "(w)here statute and the Constitution collide, the Constitution prevails." It's constitutionally mandated, "not a matter of negotiation."

Moreover, "(t)he debt crisis was created, not by a social safety net bought and paid for by," payroll tax deduction insurance premiums, contractually obligating Washington to pay benefits as mandated.

"The debt ceiling crisis" also was manufactured, "engineered to extort concessions that will lock the middle class in debt peonage for decades to come."

Indeed that and much more as previous articles explained, recapped briefly below.

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Stephen Lendman was born in 1934 in Boston, MA. In 1956, he received a (more...)
 

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