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Schumer confirms White House considering ignoring debt limit
The Washington Examiner ^
| July 1, 2011
| Conn Carroll
Posted on 07/02/2011 7:08:07 AM PDT by opentalk
This morning we speculated that Treasury Secretary Tim Geithner was seriously considering just ignoring the statutory debt limit by claiming it was superseded by section Four of the 14th amendment. Sen. Chuck Schumer, D-N.Y., confirmed that that course of action has been considered by the White House. Talking Points Memos Brian Beutler reports on a conference call with Schumer today:
I asked Schumer, a lawyer, whether, in his view, the administration had the power to continue issuing new debt even if Congress fails to raise the debt limit. He acknowledged that the questions been discussed, but said the White House probably shouldnt go there just yet.
[emphasis mine] Considering the ease with which Obama has violated bankruptcy law, refused to enforce voter fraud laws, and ignored the War Powers Act, what is stopping him from ignoring the debt ceiling.
TOPICS: Constitution/Conservatism
KEYWORDS: congress; debtceiling; debtlimit; geithner; schumer; sorosoperative; usurper
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1
posted on
07/02/2011 7:08:10 AM PDT
by
opentalk
To: opentalk
That would make all the Chicken Little screeching from the democrats a steaming pile of dog poo, wouldn’t it?
2
posted on
07/02/2011 7:09:13 AM PDT
by
Not A Snowbird
(When life gives you lemons, throw them back and demand chocolate.)
To: opentalk
Why not eliminate the debt limit? What purpose does it serve if it can be raised so easily?
3
posted on
07/02/2011 7:10:25 AM PDT
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
To: SandyInSeattle
I’m betting he ignores the debt limit. I got a sure winner
4
posted on
07/02/2011 7:10:41 AM PDT
by
LMAO
("Begging hands and Bleeding hearts will only cry out for more"...Anthem from Rush)
To: opentalk
Please do ignore such.
I want to see the Democratic Party become extinct for quite some time.
5
posted on
07/02/2011 7:11:37 AM PDT
by
cranked
To: opentalk
Then the dumb bastard should just do it then.
Why are you talking to the GOP? Political cover?
6
posted on
07/02/2011 7:12:09 AM PDT
by
VanDeKoik
(1 million in stimulus dollars paid for this tagline!)
To: opentalk
I thought that the House has the power of the purse. Since when did the Executive branch become all-powerful?
7
posted on
07/02/2011 7:15:30 AM PDT
by
winner3000
(ss)
To: opentalk
I wonder if anyone would such debt, as it may be under a legal cloud.
8
posted on
07/02/2011 7:17:05 AM PDT
by
quietly desperate
(The state is that fiction by which everyone tries to live at everyone's expense.)
To: SandyInSeattle
And when this country tanks, we can blame the Dems. Political suicide?
Little consolation, though. By that time, we'll all be unemployed and in soup lines.
9
posted on
07/02/2011 7:17:46 AM PDT
by
dhs12345
To: winner3000
Hey watch it! He is black and can do absolutely anything he wants to. Hey he won! s
10
posted on
07/02/2011 7:19:23 AM PDT
by
DooDahhhh
(ma)
To: opentalk
If the treasury borrows money without the consent of the people (i.e the Congress), then the people (i.e. the Congress) have no obligation to pay it back. Foreign nations that lend us money should keep this in mind.
To: opentalk
If Republicans hold fast and block the increase Obama will ignore it. The only thing that will stop him is world investor (T-Bill Holders) cashing in and refusing to buy his scrip-backed trash if he does this. We either obey the Constitution or just go the hell full bore and Revolt and stop this silly ass crap from an idiot tyrant that should have been removed long ago.
12
posted on
07/02/2011 7:22:19 AM PDT
by
Gaffer
To: DooDahhhh
Obama - A one person flash mob.
13
posted on
07/02/2011 7:22:39 AM PDT
by
stayathomemom
(Beware of kittens modifying your posts.)
To: opentalk
Do it rats... and you will force an unwilling boehner to cry and then start impeachment proceedings.
LLS
14
posted on
07/02/2011 7:23:24 AM PDT
by
LibLieSlayer
("GIVE ME LIBERTY OR GIVE ME DEATH"! I choose LIBERTY and PALIN!)
To: opentalk
There will be a point reached as this enemy agent keeps pushing and reaching way over the line...THEY’LL IMPEACH THE LITTLE BASSTURD...
15
posted on
07/02/2011 7:23:29 AM PDT
by
shield
(Rev 2:9 "Woe unto those who say they are Judah and are not, but are of the synaGOGue of Satan.")
To: winner3000
16
posted on
07/02/2011 7:23:34 AM PDT
by
Josephat
To: Texas Eagle
Greenspan said the same thing a number of weeks ago, i.e., why have a debt limit since it is always raised.
17
posted on
07/02/2011 7:24:37 AM PDT
by
kabar
To: shield
I'm surprised how much he has gotten away with, Sometimes it really seems like a one party system (imo)
18
posted on
07/02/2011 7:26:14 AM PDT
by
opentalk
To: kabar
I wish I could say I stole that thought from Mr. Andrea Mitchell but I actually stole it from Rush Limbaugh.
19
posted on
07/02/2011 7:27:20 AM PDT
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
To: opentalk
They’ll do it - and get cover from the MSM.
20
posted on
07/02/2011 7:27:50 AM PDT
by
PGR88
(I'm so open-minded my brains fell out)
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