Want to buy some bonds? President Joe Biden in Hiroshima, Japan for the G7 meeting on May 21 at a press conference, told the world the President of the United States somehow has the power to issue radioactive bonds and add as much new debt above the legally prescribed $31.4 trillion debt ceiling established under federal law as he deems fit under Section 4 of the Fourteenth Amendment. But the $31.4 trillion debt ceiling is currently established under law that Congress passed and the President signed into law, and the Fourteenth Amendment only provides for debt that Congress “authorized by law.” It cannot go higher without Congress.
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