US Presidential Candidate Donald Trump has announced a plan intended to reduce the national debt: Convince bondholders to accept less than they are contractually owed. (NY Times article on it here.)
In order for such an offer to be at all attractive to bondholders, there must be an implicit threat that the bondholders may not be paid (at least not in full) if they do not accept an offer for less than the original contract.
Yet, section IV of the 14th Amendment to the US Constitution says "The validity of the public debt of the United States... shall not be questioned." The last paragraph of Article II, Section 1, states that any President must take an oath swearing that he‡ "will to the best of [his] ability, preserve, protect and defend the Constitution of the United States."
As a candidate, Trump says his opponent "wants to abolish the 2nd Amendment." How does his own debt-reduction plan fit in with the 14th?
‡ Gendered language original, not meant to imply anything.