I Got the Fed to Release Its 2011 "Treasury Default" Playbook

Re:I Got the Fed to Release Its 2011 "Treasury Default" Play... by eli on Tuesday November 07, 2023 @05:05PM (#38183613)

I don't think that's a reach. There's a credible argument that it compels the President to continue to service debts

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Re:I Got the Fed to Release Its 2011 "Treasury Default" Play... by fnordpiglet on Wednesday November 08, 2023 @11:16AM (#38192537)

I think it’s even stronger than that. It doesn’t just compel the president, which is a political office, but it compels every civil servant in the treasury as it’s a constitutional mandate. So in theory even if the president declares no debt payment, the treasury would still make the payments.

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