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☆ This Trump Indictment Imperils the Presidency
▼ + stars: | 2023-08-03 | by ( David B. Rivkin Jr. | Lee A. Casey | ) www.wsj.com time to read: 1 min

Wonder Land: At the center of the legal problems now engulfing Donald Trump and Hunter Biden is the refrain that no one is above the law. Wagner Group's Yevgeny Prigozhin offers the alternative: No rules. Images: AP/AFP/Getty Images Composite: Mark KellyThe latest indictment of Donald Trump takes the courts and the country into uncharted territory. Special counsel Jack Smith and a District of Columbia grand jury accuse Mr. Trump of conspiring to steal the 2020 presidential election and charge him, among other things, with defrauding the U.S. But Mr. Trump’s status as president when the alleged crimes took place raises questions about whether he can be successfully prosecuted—and, if he is, troubling implications for future presidents.

Persons: Donald Trump, Hunter Biden, Wagner Group's Yevgeny Prigozhin, Mark Kelly, Jack Smith, Trump, — Organizations: Getty, Columbia

☆ Default on U.S. Debt Is Impossible
▼ + stars: | 2023-02-22 | by ( David B. Rivkin Jr. | Lee A. Casey | ) www.wsj.com time to read: 1 min

Headlines last week claimed that the Congressional Budget Office had warned the U.S. “could default on its debt” as early as July if Congress didn’t raise the statutory debt limit. What the CBO director actually said was that “the government would have to delay making payments for some activities, default on its debt obligations, or both.” In reality, the U.S. can’t default on its debt. Section 4 of the 14th Amendment is unequivocal on that point: “The validity of the public debt of the United States, authorized by law, . . . shall not be questioned.” This provision was adopted to ensure that the federal debts incurred to fight the Civil War couldn’t be dishonored by a Congress that included members from the former Confederate states.

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