See here:
This section of the 14th can be construed as follows if you really squint your eyes and dim the lights while reading it:
- If America defaults on our national debt, it would call into question the validity of our economy
- The president of the united states swore under oath to defend the constitution, including the 14th amendment
- Since the president swore to protect the constitution, and the 14th amendment, he therefore has to protect the public debt from questioning
- As it is up to him to put to rest any questions about the validity of our public debt, he has the power to raise the debt ceiling in order to put these questions to rest
It is total crap, and a gross misconstruing of the amendment as I read it, but hey he is the King right? he does what he wants. Just dont tell the King that a pesky fifth section exists in the amendnemt:
Oops!!
Now that I have some understanding it would seem to me that that pesky section 5 is what stands in his way. If he is "truly" out to protect the constitution then he therfore must protect section 5 of the 14th amendment as well and not pick and choose what he wants to follow.