In a long-awaited and dramatic decision, the Supreme Court held today, unanimously, that in the context of the Guam Organic Act’s debt-limitation provision, 48 U.S.C. section 1423a, Guam’s debt limitation must be calculated according to the assessed valuation of property in Guam.
Like we didn’t all see that coming. In your face, Supreme Court of Guam!
For those in a fantasy Supreme Court league this year, six points to those who correctly predicted this reversal, three points to those who thought Justice Souter would concur in part and dissent in part, and one point for predicting that Justice Thomas would get this opinion assigned to him. Subtract five points if you knew anything at all about the Guam Organic Act before you read this post (but only two points if you are a resident of Guam).