The topic of
discussion for this Constitution Monday comes from Section 4 of the Fourteenth
Amendment to the Constitution of the United States: “… 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….” This provision means that all claims for
payment in fighting against the Union are unlawful and do not need to be paid.
W. Cleon Skousen explained, “This
section provides that all obligations, including the redemption of
Confederation currency, were now null and void.
Anyone who had loaned money to the Confederacy could not now collect it.
“Al such debts were illegal and
void because they implemented the rebellion against the Union. This wiped out a debt of $1.4 billion which
the Confederacy owed to their own citizens, as well as to England, France, and
other countries. The Southern states
also lost the value of their emancipated slaves. At the same time the South had to shoulder
its proportionate expense of the war incurred by the Union.” (See The
Making of America – The Substance and Meaning of the Constitution, pp.
726-727.)
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