Congress shall have power to borrow money on the credit of the United States. ~ Art. I, sec. 8, cl. 2.
Congress shall have power to coin money, regulate the Value thereof, and of foreign coin, and fix the standard of weights and measures. ~ Art. I, sec. 8, cl. 5.
Congress shall have power to provide for the punishment of counterfeiting the securities and current coin of the United States. ~ Art. I, sec. 8, cl. 6.
No money shall be drawn from the Treasury, but in consequence of appropriations made by law. ~ Art. I, sec. 9, cl. 7.
The migration or importation of such persons as any of the states now existing shall think proper to admit, shall not be prohibited by the Congress prior to the year one thousand eight hundred and eight, but a tax or duty may be imposed on such importation, not exceeding ten dollars for each person. ~ Art. I, sec. 9, cl. 1.
No state shall coin money, emit bills of credit, or make any thing but gold and silver coin a tender in payment of debts. ~ Art. I, sec. 10, cl. 1.
In suits at common law, where the value in controversy shall exceed twenty dollars, the right of trial by jury shall be preserved. ~ Amdt. VII.
Having the Executive come to Congress every once and a while to remind them that they have gone over their artificially imposed limit may have used to make sense… but in the past 20 years it has made less and less sense as it has become just another dumb political weapon that does nothing more than lower the Country’s credit rating.
I believe congress should do away with the debt ceiling limit altogether. Increasing it on a periodic basis is nothing but a rubber stamp exercise with lots of political posturing. Markets and debtor nations get nervous. No need for that kind of uncertainty whenever its time to increase it.
I disagree. It’s public awareness of just how much/large/debt our goverment has accumulated. Bureaucrats would love nothing less to keep it from being publicized.
Thus precisely why it needs to be in congress hands and not bureaucrats.