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Pelosi: Give Obama Power to Personally Lift Debt Limit to Infinity
CNSNews ^ | November 30, 2012 | Terence P. Jeffrey

Posted on 11/30/2012 1:19:29 PM PST by jazusamo

Video at link

(CNSNews.com) - House Minority Leader Nancy Pelosi said on Friday that Congress should hand over to President Barack Obama personal, unilateral authority to increase the limit on the U.S. government's debt.

At a Friday press conference, a reporter asked Pelosi if she agreed with a proposal made by Treasury Secretary Timothy Geithner that Congress give Obama the power to unilaterally increase the debt limit.

"Yes," she said.

When he met with members of Congress on Thursday to discuss a deal to avoid the so-called fiscal cliff that is set to occur at the end of this year, Secretary Geithner suggested that Congress give Obama the personal power as president to lift the legal limit on the federal government's debt.


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: debtlimit; obama; pelosi
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To: Hoodat

First Der ‘bamafuhrer has to get the lamestream networks coordinated for the event..


21 posted on 11/30/2012 1:31:56 PM PST by sheik yerbouty ( Make America and the world a jihad free zone!)
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To: jazusamo

In other words, there will be no limit at all.

Wish I could live that way - spending anything I want whenever I feel like it....


22 posted on 11/30/2012 1:32:03 PM PST by Tzimisce (What do you do when every every branch of the government is corrupt and aligned against you?)
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To: US Navy Vet

Saw a program on one of the history/Smithsonian channels yesterday. They were trying to identify a three thousand five hundred year old female Pharaoh from among four mummies. As they showed the mummies, I couldn’t help but think of Nancy, because some of them looked in better shape, and seemed much more composed.

The one thing Nancy has going for her, is that she has to be very popular with our enemies, who must roll on the floor constantly realizing she is a power figure in the midst of the ruling elite in their biggest enemy’s halls of governance.

Isn’t that something every child should aspire to? Evidently, for the Left in the U. S., it is.


23 posted on 11/30/2012 1:32:07 PM PST by DoughtyOne (Hurricane Sandy..., a week later and over 60 million Americans still didn't have power.)
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To: jazusamo

The light bulb went out in Nan’s brain a long time ago. I don’t remember her ever advocating for this authority for President Bush?


24 posted on 11/30/2012 1:32:48 PM PST by Servant of the Cross (the Truth will set you free)
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To: jazusamo

The first thing I thought of when I read the title was that video of the soldier handing an AK47 to a chimp.


25 posted on 11/30/2012 1:32:48 PM PST by CrazyIvan (Obama's birth certificate was found stapled to Soros's receipt.)
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To: jazusamo

the Obama budget plan

http://www.youtube.com/watch?v=J6TcpfBHlbs


26 posted on 11/30/2012 1:32:59 PM PST by Tzimisce (What do you do when every every branch of the government is corrupt and aligned against you?)
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To: Uncle Chip
Pretty soon they won’t be asking. They will just assume the power.

He has already with all the EOs he's been signing every Friday afternoon.

27 posted on 11/30/2012 1:35:15 PM PST by bgill (We've passed the point of no return. Welcome to Al Amerika.)
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To: jazusamo

I wish some enterprising reporter would have asked her if she was in favor of doing this for George Bush.


28 posted on 11/30/2012 1:35:32 PM PST by Lurkina.n.Learnin (Superciliousness is the essence of Obama)
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heh... meh meh meh... heh...


29 posted on 11/30/2012 1:35:46 PM PST by Gene Eric (Demoralization is a weapon of the enemy. Don't get it, don't spread it!)
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To: Tzimisce

Seriously, was there ever in recent history an ACTUAL debt limit?

Seeing as how it got raised every time it was hit, I’d say the “limit” was vaporous.


30 posted on 11/30/2012 1:35:56 PM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: jazusamo; US Navy Vet
Queen Nancy’s loyal peasants

Photobucket

31 posted on 11/30/2012 1:36:09 PM PST by twistedwrench
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To: jazusamo

I grant Pelosi personal authority to commit suicide!! I’d like to see her step in front of a 200mph train; take a dive off the Empire State; or jump into a car crusher. Willing to buy tickets and bring popcorn!


32 posted on 11/30/2012 1:37:50 PM PST by Doc Savage ("I've shot people I like a lot more,...for a lot less!" Raylan Givins)
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Please bump the Freepathon or click above and donate or become a monthly donor!

33 posted on 11/30/2012 1:39:24 PM PST by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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To: jazusamo

Thanks for your input, San Fran Nan, but I prefer our constitutional republic form of government. Perhaps she should move to Cuba if dictatorial rule is her preference.


34 posted on 11/30/2012 1:39:50 PM PST by CountryClassSF
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To: bgill

They will have to do away with the Second Amendment first.


35 posted on 11/30/2012 1:39:59 PM PST by Lets Roll NOW (A baby isn't a punishment, Obama is)
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To: jazusamo

Give Pelosi a one-way ticket to hell.

I hate and despise ALL Democrats and disrespect most Republicrats!


36 posted on 11/30/2012 1:42:59 PM PST by IbJensen (Liberals are like Slinkies, good for nothing, but you smile as you push them down the stairs.)
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To: jazusamo

The entire debate revolves around the fact that future Congresses are not bound by any spending mandates done by prior congresses.Only taxes transcend new congresses.

No agreement to bind a future Congress to cutting is enforceable. But any tax increase continues until a future congress passes a bill through both houses, and the President signs. Similarly, debt incurred today will need to be paid in the future.
A Constitutional Amendment IS binding (more binding than one Congress “promising” to cut future spending,as if that’ll ever happen) They should try again to pass the “Cut Cap Balance Act” .

Tim “Lightyear” Geithner already said their limit is “To infinity...and beyond!”


37 posted on 11/30/2012 1:44:27 PM PST by TurboZamboni (Looting the future to bribe the present)
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To: Berlin_Freeper

>democratic party.

There is no such party in the USA. There is the democrat party however.


38 posted on 11/30/2012 1:45:56 PM PST by soycd
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To: jazusamo

This would be the same thing as abolishing the debt limit


39 posted on 11/30/2012 1:49:09 PM PST by GeronL (http://asspos.blogspot.com)
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To: puppypusher
Knowing that bimbo she would burn through that and then some and she would still not be satisfied.

And thats just for liquor.
40 posted on 11/30/2012 1:51:52 PM PST by crosshairs (Hurricane Barry is 1000 times more destructive than Hurricane Sandy.)
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