Skip to comments.Pelosi: Give Obama Power to Personally Lift Debt Limit to Infinity
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.
First Der ‘bamafuhrer has to get the lamestream networks coordinated for the event..
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....
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.
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?
The first thing I thought of when I read the title was that video of the soldier handing an AK47 to a chimp.
the Obama budget plan
He has already with all the EOs he's been signing every Friday afternoon.
I wish some enterprising reporter would have asked her if she was in favor of doing this for George Bush.
heh... meh meh meh... heh...
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.
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!
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.
They will have to do away with the Second Amendment first.
Give Pelosi a one-way ticket to hell.
I hate and despise ALL Democrats and disrespect most Republicrats!
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 thatll 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!”
There is no such party in the USA. There is the democrat party however.
This would be the same thing as abolishing the debt limit
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