[Verginius Rufus]

...debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion...

The debts incurred for the surge in Iraq are clearly covered--that was definitely spent to suppress an insurrection or rebellion.

[Owen]

This goes on and on and on.

IT DOESN’T MATTER. It only buys 7 weeks! FY 2011’s Continuing Resolution for spending authority expires 1 October.

If he attempted such a thing, the House would be so enraged that he would find himself with a $150 billion FY2012 CUT. Guaranteed election defeat.

They’d also insist on his resignation before approving an FY2012 CR, and probably get four Democrat Senate votes to agree after he usurped Congressional authority.

[Polybius]

...debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion...

The debts incurred for the surge in Iraq are clearly covered--that was definitely spent to suppress an insurrection or rebellion.

Well, let's not twist meaning of the 14th Amendment like the Democrats are trying to do.

Section 4 of the 14th Amendment did not refer to any "insurrection or rebellion" anywhere at any time. It dealt specifically with THE Rebellion.

AKA: "The Civil War", "The Great Rebellion", "The War of Northern Aggression".

The purpose of Section 4 was to let it be known to all creditors that any U.S. Government debt incurred during the Civil War would be honored but any Confederate debt was illegal and void.