Another Section of the United States Constitution Bites the Dust
Actually, this will be the second time this particular section of the Constitution has been willfully violated. The portion that establishes gold and silver as the only constitutional forms of currency was ignored with the creation of our modern fiat currency system. Darn that pesky Constitution!
There is a process built into our system for ammending the document as needed, but ignoring it simply is not an option. Hillary Clinton's appointment as Secretary of State is a direct violation of the document as well (more on that below).
Here is the portion most recently violated by our beloved legislature:
United States Constitution, Article I; Section 10:
No state shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant any title of nobility.
Mortgage ‘Cram-Down’ Bankruptcy Bill Passes U.S. House 234-191
March 5 (Bloomberg) -- Legislation letting judges reduce the mortgage payments of borrowers in bankruptcy passed the House of Representatives, overcoming opposition from industry groups and Republicans who say the bill may further destabilize lending.
The so-called cram-down bill, approved 234-191, also permanently increases the Federal Deposit Insurance Corp.’s coverage of bank deposits to $250,000. The legislation now goes to the U.S. Senate where Democrats may vote on a companion bill as early as next week, said Jim Manley, a spokesman for Majority Leader Harry Reid of Nevada.
Democratic leaders had pulled the measure from consideration last week amid opposition from industry organizations including the American Bankers Association. Stricter provisions were added at the urging of a group of self-described moderate lawmakers called the New Democrat Coalition, including a requirement that borrowers seek loan modifications from their mortgage companies before they could qualify to amend terms through bankruptcy.
“This bill’s not perfect, but the process has worked better than anyone expected,” Representative Ellen Tauscher, a California Democrat and chairwoman of the New Democrat Coalition, said in a speech on the House floor today. “Over the last couple of weeks we’ve worked together to make improvements to make sure bankruptcy is an option of last resort.”
And on Hillary's appointment:
We’ll be honest: As a third-year in law school, we signed up for that seminar on the Constitution’s Emoluments Clause not because we think it’d ever come in handy, but because it would leave us more time to play video games and watch “Saved by the Bell” reruns. But now, wow, how thankful we are.
Here’s why: a handful of Con Law scholars seem to feel that the Emoluments Clause of Article I, Sec. 6 disqualifies Hillary Clinton from serving as Secretary of State, an appointment that arrived a moment ago. (Click here for part of the discussion, courtesy of the Volokh Conspiracy.) The Emoluments Clause states:
No Senator or Representative shall, during the Time for which he was elected, be appointed to any civil Office under the Authority of the United States, which shall have been created, or the Emoluments whereof shall have been encreased during such time . . .
In other words (and generally speaking), if the emoluments (i.e., pay) for a certain cabinet position increase, all members of the Congress in office during that time of the increase shall be disqualified from later holding that position.
According to Volokh, the Emoluments Clause is in play because the Secretary of State got a cost-of-living adjustment in January of this year, at which time Hillary Clinton was a senator from New York. As John O’Connor, the author of an 1995 Hofstra Law Review article on the Emoluments Clause puts it: “[U]nder a straightforward application of the Emoluments Clause, Senator Clinton is ineligible for appointment as Secretary of State because the emoluments of that office “have been encreased” during Senator Clinton’s current Senate term, and this disability continues until the end of “the time for which [she] was elected, or until January 2013.
Stand up for the sanctity of the Constitution... it remains the best chance we have for keeping the power of our government in check with the will of the people!