4min chapter

We the People cover image

The Public Debt Clause and the Debt Ceiling

We the People

CHAPTER

Lessons From the 1930s

President Roosevelt prepared a radio address that was going to denounce the court and he was bummed that he couldn't deliver it after the court stepped back from the brink. Magliaca: One lesson here is that constitutional provisions that deal with financial matters are just very difficult to enforce. The people who ought to be paying attention to Section 4 of the 14th Amendment are members of Congress, she says.

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