July 21, 2011
Former president Bill Clinton said he’d solve the debt crisis Old School Style: just raise the roof. In an interview with the National Memo, Clinton said he believed a deal would be struck before August 2, but if he were in charge, and both sides failed to reach an agreement, he would simply raise the debt ceiling himself using powers granted under the 14th amendment of the Constitution. The amendment says that the validity of the public debt shall not be questioned. Clinton said he’d “force the courts to stop me.”
“I think the Constitution is clear and I think this idea that the Congress gets to vote twice on whether to pay for [expenditures] it has appropriated is crazy,” Clinton said.