Posted on 11/08/2012 4:14:30 PM PST by lowbridge
You can file this one, along with the Iranian strike on a U.S. drone, the layoffs at Boeing, and PolitiFact’s wrap-up of President Obama’s broken first-term campaign promises, in your binder labeled “Handy things you learn right after the election.”
It’s not a surprising statement from Senate Majority Leader Harry Reid, but that doesn’t help it to sound any better as the country elects to move forward with the Obama administration’s vision, full speed ahead. Asked Wednesday if he would support raising the debt ceiling another $2.4 trillion dollars, perhaps even before the end of the year, Reid replied, “If it has to be raised, we’ll raise it.”
The silver lining? Even though the Treasury Department last week estimated that America will hit its current $16.394 trillion debt ceiling by the end of the year, Reid doesn’t think it will happen until after Jan. 1. Hooray?
This is what they meant by Forward, right?
(Excerpt) Read more at twitchy.com ...
raising the debt ceiling another $2.4 trillion dollars every 6 months sounds about right D’oh
Another year with no budget, but raise the ceiling. Imagine if credit cards ran this way.
This is the VERY LAST card the Republicans have before the death of this country.
“a billion here, a billion there, pretty soon
we are talking about real money...”
http://www.youtube.com/watch?v=7Au2-J-3on0
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure” - Barack Hussein Obama March 2006
I’m sorry for being a bit obtuse but just how can the Senate raise the budget when the House has been assigned that task?
Because he knows Bohner will cave. What a dickless idiot.
Obviously you don’t know how a dictatorship works.
Listening to Levin, you can tell dickless idiot Boehner will cave. That’s why he can be smug about it.
The constitutional limitation is on “bills for raising revenue,” and that is laws that impose a tax. The courts construe that very narrowly, so that fees are not considered bills for raising revenue. The debt limit is not a tax, at all. Spending is not a tax either.
Ah, I guess that again these Senate folks continue to evade or ignore the Constitution. That I can understand (after all they are Democrats) but what I can’t understand is why this kind of action has not ended up in the Supreme Courts.
I have the answer...........................the gallows
Here is the truth... America will default... it will happen faster than anyone could guess. I wish they would just go ahead and crash it now... the sooner it dies the sooner we start to rebuild America.
LLS
Here is the truth... America will default... it will happen faster than anyone could guess. I wish they would just go ahead and crash it now... the sooner it dies the sooner we start to rebuild America.
LLS
The debt limit still have to be approved by both houses and signed by the President - at least to my recollection. Neither the President nor the Senate has the power to raise that by themselves.
Am I wrong here?
I have absolutely no faith in Boehner but I still have faith in democracy and I can’t imagine that the Republican controled House would go along with this.
Let him do it, alone.
Obama would sign a 50 trillion increase in debt limit. I can't imagine a president not agreeing to a debt increase.
Okay, unfortunately like you I can’t believe that this President would not agree to an increase in the debt limit!
Wishing for another time and another President!
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