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SlipperySlope

(2,751 posts)
Tue Oct 8, 2013, 03:45 PM Oct 2013

Sell the aircraft carriers!

This may seem like a silly question, but I'm really hoping for a serious discussion.

Assuming that the Rethuglicans refuse to raise the debt ceiling, couldn't one make a good argument that the President is required to sell everything that Washington owns in order to make payments on the debt?

Article I section 8 says that congress - and only congress - can borrow money on the credit of the United States. Assume that no additional borrowing is allowed - period.

The 14th amendment says that the validity of the debt shall not be questioned. Assume that the debt must be paid - period.

If the debt must be paid and no additional borrowing happens, then the debt must be paid from assets already owned. (Let's ignore the platinum coin idea for the moment). If the debt must be paid from assets already owned, then wouldn't it be the constitutional duty of the President to begin selling assets in order to raise money to make the debt payments?

9 replies = new reply since forum marked as read
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Sell the aircraft carriers! (Original Post) SlipperySlope Oct 2013 OP
We have drones now anyway Politicalboi Oct 2013 #1
privatize their fucking gym and make them pay for their memberships and tk2kewl Oct 2013 #2
RW runs things, and the RW won't sell precious military hardware. They WILL promptly kestrel91316 Oct 2013 #3
They could sell them to billionaires DJ13 Oct 2013 #4
No other country could afford to operate them hack89 Oct 2013 #5
This goes long enough, this is what I expect our Navy to look like nadinbrzezinski Oct 2013 #6
No. Scuba Oct 2013 #7
(Starting with the USS Ronald Reagan!) lastlib Oct 2013 #8
scrap remaining strategic bombers gejohnston Oct 2013 #9
 

Politicalboi

(15,189 posts)
1. We have drones now anyway
Tue Oct 8, 2013, 03:53 PM
Oct 2013

We don't need all the carriers we have. They should take those carriers to the outskirts of towns and let the homeless live in them. Either at a dock, or on land.

 

tk2kewl

(18,133 posts)
2. privatize their fucking gym and make them pay for their memberships and
Tue Oct 8, 2013, 03:53 PM
Oct 2013

use the profits to pay down the debt.

hell, i bet there are a lot of other perks they get that we can make them pay for instead.

 

kestrel91316

(51,666 posts)
3. RW runs things, and the RW won't sell precious military hardware. They WILL promptly
Tue Oct 8, 2013, 03:59 PM
Oct 2013

sell off our National Forests and National Parks to the highest bidder, who will permanently close them to all but 1%ers.

DJ13

(23,671 posts)
4. They could sell them to billionaires
Tue Oct 8, 2013, 04:01 PM
Oct 2013

I could see someone like Larry Ellison buying one and building a mansion on the flight deck.

 

nadinbrzezinski

(154,021 posts)
6. This goes long enough, this is what I expect our Navy to look like
Tue Oct 8, 2013, 04:05 PM
Oct 2013


And given some have nuclear reactors on board that has a special danger to it.
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