Debt ceiling: will they or won’t they?

The validity of the public debt of the United States, authorized by law, including debts incurred for payments of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.” — The U.S. Constitution’s 14th Amendment. (Emphasis added)

Too often, the debate over raising the debt limit (the maximum amount the United States is allowed to borrow to pay its debts) turns into a political football when it isn’t political at all. Some argue the 14th Amendment doesn’t say what it does, but you read it and decide.