The concept of majority rule is only legitimate when it respects minority rights. I suggest that by passing the recent rule changes in the House of Rep, the Congressional majority has rejected minority rights and by doing so it has surrendered its legitimacy.
In that light, would the Republicans in Congress be justified if they repudiate the Democrats $1,000,000,000,000 pork barrel bill and renounce the validity of any Treasury Bonds that are floated to fund it? Would the threat that future Republican governments will not honor any debt incurred under the current rules get the rule change reversed?
What would that threat do to the value of those bonds? Even the Federal Courts can not order payment if a future Congress specifically dictates that no funds are to be appropriated for payment of those specific bonds. Such an announcement would put investors on notice that anyone who buys these bonds is giving a gift to the US Government, because it will not be paid back. That way people who lose their money on these bonds have no legitimate complaint because they were warned in advance.
Just a thought!