Now that President Obama has acquiesced to a fundamentally Republican plan to raise the debt ceiling, which means federal spending cuts that will contract the economy when it needs to be expanded, it may be worth pointing out a couple of Civil War connections to the whole fiasco.
One, of course, is the Fourteenth Amendment, much in the news lately as Obama rebuffed suggestions he invoke its clause that the “validity of the public debt of the United States, authorized by law . . . shall not be questioned” in order to keep paying the country’s bills no matter what the Congress did. In a position to need all the leverage in his fight with Congress that he could get, he threw this lever away and had his spokesman say that he didn’t think the amendment applied in this situation. He’s the constitutional scholar, not me, but there are plenty of other experts who thought he was wrong, and a look at why the clause was written suggests they might have been right.
The Fourteenth of course was one of the Reconstruction amendments, put into place as the states of the old Confederacy took their places again as part of the Union. Fearful that Southern federal legislators might someday acquire a voting majority in Congress and get it to vote to refuse to pay the U.S. war debt, or to take on some or all of the Confederate debt, Section Four—forbidding both—was included in the amendment. That is to say, one explicit reason it was written was to prevent Congress from taking a vote that would prevent the federal government from paying its bills.
How is that different from the recent situation? I dunno, but the question brings us to the other Civil War connection. Obama’s hero Lincoln more than once took executive action that he believed crucially important to the nation even when he couldn’t have sworn he had a winning argument for the Supreme Court were he to be challenged there. His biggest gamble was the Emancipation Proclamation itself. He knew that as Commander in Chief of the military during a time of armed rebellion, he had the military right to seize private property that was necessary to the war effort, and that the legal status of enslaved blacks as property meant that he could seize them from their owners. But with all other types of property, after the military necessity has passed, the property is returned to its owner. The Proclamation declared that the slaves under its jurisdiction were “forever free,” which was essential but constitutionally suspect. If, after the war was over, a plantation owner whose slaves had been emancipated were to sue the federal government for their return as property, and fought the case all the way up to substantially the same Supreme Court that had issued the Dred Scott decision, the odds might well have been good he’d be given his slaves back. Lincoln might not have had the authority to make emancipation permanent.
He was aware of this, and worried about it. Thankfully, we’ll never know how that hypothetical former slave-owner’s case would have turned out, because Lincoln rushed to send to the states the Thirteenth Amendment outlawing slavery; its ratification meant the Proclamation’s full legality never had to be tested.
We’ll also never know if the Fourteenth Amendment gambit would have cut the Gordian knot in the debt ceiling crisis, because Obama declined to find out.
Lincoln's courage is part of his greatness. Obama, a profile in caution, cannot plausibly have been worried that he might be successfully impeached for continuing to uphold the nation's credit by paying its bills. John B. Judis of The New Republic has an article online headlined "If Obama Likes Lincoln So Much, He Should Start Acting Like Him." Well, yes.
Terry - you should bear in mind that at least a few miserable City Lit subscribers are conservatives, and are a bit put off by comments like "Now that President Obama has acquiesced to a fundamentally Republican plan to raise the debt ceiling, which means federal spending cuts that will contract the economy when it needs to be expanded..." Right or wrong (and I don't pretend to know which myself) is a bit off-putting in the context of what the blog is trying to do. Perhaps you have a background in economics that informs your opinion, but you couched it in partisan political terms.
ReplyDeleteThe question concerning the meaning of the clause in the 14th amendment is a bit more relevant. Speaking as someone who majored in college in American political thought, and has been a practicing lawyer for nearly 40 years, I have to say that the reading you suggest does not strike me as having much to do with the debt ceiling, inasmuch as it is fairly clear that a failure to raise it would not have generated the debt payment crisis the newspapers wanted us to think it would. I work for the feds, and paid fairly close attention to the question, since it would have impacted my paycheck!
Harmon - I trust that no City Lit subscribers are actually miserable: how could they be?
ReplyDeleteI do assume that a number of them are conservative, however; the point of the blog is not to pick fights with anyone, but to write about, and invite comments about, whatever aspects of the Civil War's legacy seem pertinent at any given point. Some of the time the pertinence is going to be political; it wouldn't be the case that the war is still with us in so many ways if that weren't so.
Having said that, I should point out that the sentence you quote is mostly a statement of plain facts. The final debt ceiling plan was indeed a Republican plan; President Obama did indeed acquiesce to it; a depressed economy is depressed precisely because it is not expanding; spending cuts cut spending and are therefore contractionary. The only area of opinion in any of this is that the Republicans behind the plan think that this contraction will lead to expansion; others disagree. And even this isn't a matter of purely political disagreement, like whether a given goal or a competing goal is preferable, but a pair of competing predictions about a shared goal; one or the other will be proven right as a point of fact. Contractionary policies will lead to expansion, or we will have to adopt expansionary policies to get there.
As for partisanship, bear in mind that the post was a criticism of President Obama, not the Republicans--though you are of course right that the post made clear that I disagree with them. You are also right that the New Republic article wasn't much about the debt ceiling; I linked to it only because I had quoted its headline as part of my broader point.
Anyway, welcome to the blog! Glad you're here. Feel encouraged to jump in and tell me why I'm wrong any time.