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Mr. Lew: *** (Debt Limit)
The Market-ticker ^ | August 27, 2013 | Karl Denninger

Posted on 08/27/2013 7:08:41 AM PDT by SatinDoll

[To Moderator - the title contained an obscene reference for one to do something physically impossible to oneself.]

Mr. Lew, I know you continue to say that the Congress has "no choice" but to raise the debt limit.

You're wrong.

Congress has the choice to say no.

You have a credit card but the limit is set not by your King but rather by Congress.

And Congress has the right to cut that card up any time it so chooses.

So says the Constitution:

Article I Section 8:

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

To borrow Money on the credit of the United States;

Congress has this power.

Congress also has the power to tell you and your presumptive King to go **** yourselves when it comes to spending money, whether funded with taxes or borrowed, and there is not jack you or King MaObama can do about it.

I don't give a damn how many times you repeat yourself that Congress "must" do something, you're wrong.

You're wrong on the facts and you're wrong on the law.

And at the point that you try to argue that your stance is more than jawboning and vehement argument you are committing a crime against The Constitution and so is the jackass standing behind you who is telling you to go out there and make these statements.

For same, should you do so or attempt to back up any such jawboning with threats, both of you deserve to be removed from office.

You took an oath to uphold and defend The Constitution.

Either honor it or resign.


TOPICS: Business/Economy; Government; Politics
KEYWORDS: congress; debtlimit; denninger; obama; ticker
Treasury Secretary Jacob J. Lew has told Congress that the Treasury will be out of money in October.

I guess that King Obama wants more money to squander - sure hope Congress says no.

1 posted on 08/27/2013 7:08:41 AM PDT by SatinDoll
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To: SatinDoll

America:

It is time for all of us, as Americans, to begin to support America, support American jobs, and return work right here to America.

No more offshoring.

No more selling off American assets.

Bring American jobs home, and put Americans to work.


2 posted on 08/27/2013 7:12:30 AM PDT by Cringing Negativism Network
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To: SatinDoll

AMEN!! Thanks for posting this.


3 posted on 08/27/2013 7:22:56 AM PDT by upchuck (My therapist says I have a preoccupation with vengeance. We'll see about that!)
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To: SatinDoll

Treasury Secretary Jacob J. Lew has told Congress that the Treasury will be out of money in October.


Well, gee...That’s really going to put a crimp in the Obama’s October vacation plans.


4 posted on 08/27/2013 7:30:28 AM PDT by MWestMom (Psalms 109:8)
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To: upchuck

I’d give Obama the money. Kill Obamacare, approve Keystone and start enforcing immigration laws first and we will talk.


5 posted on 08/27/2013 7:40:15 AM PDT by EQAndyBuzz (Make today a great day. Insult a liberal.)
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To: SatinDoll

What the heck does putting one’s elbow in one’s ear have to do with anything?


6 posted on 08/27/2013 12:20:50 PM PDT by pluvmantelo (Tuffy Gessling, George Zimmerman: They can crash at my pad anytime they like)
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To: pluvmantelo

It’s just an expression to demonstrate Karl’s frustration. He doesn’t tolerate fools...at all.


7 posted on 08/27/2013 1:57:15 PM PDT by SatinDoll (NATURAL BORN CITIZEN: BORN IN THE USA OFCITIZEN PARENTS)
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