The specific wording from Section 4 of the Amendment is:
"The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void."
The official response from White House Press Secretary Jay Carney is that section 4 does not give President Obama permission to "ignore the debt ceiling."
Pelosi is not the only Democrat unwilling to haggle with House Republicans and risk the credit rating of the country again as Sen. Harry Reid is also in agreement. Rep. Eliot Engel of New York and Rep. Donna Christensen of Vermont have also voiced support of the 14th Amendment in the recent past.
When Bob Schieffer asks Pelosi why Congress keeps embarrassing everybody when it comes to passing legislation to handle things like the nation's debt, Pelosi responds, "Well, you ask the Republicans." Look out Nancy. That kind of talk might make you the next recipient of John Boehner's vulgar, verbal attacks. It's doubtful that Boehner makes any distinction between ladies and gentlemen in congress. If you're not on his side, "go f--- yourself."
The constitutional wording seems clear enough. The debt incurred by the United States "shall not be questioned." So, aren't House Republicans that threaten to let America default questioning the debt of the United States? And thus violating the U.S. Constitution?
Image Source: CBS/Face The Nation