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Fox: Obama will ignore debt ceiling
Fox News Channel | 7/5/11

Posted on 07/05/2011 1:20:28 PM PDT by pabianice

Now... Obama has announced that he will ignore the debt limit if it is not raised by Congress and raise it by himself.

Schumer: "It's certainly worth considering."

Obama advisor: there really is no official debt limit so Obama is free to borrow and spend as much as he wants.

Reporter: The Constitution is clear that only Congress can spend money or incur debt.

Sen Pat Toomey: This is so blatantly unconstitutional I'm amazed Obama is even discussing it. Would create a total constitutional crisis.

Developing.


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: taxaztionwithoutrep
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1 posted on 07/05/2011 1:20:34 PM PDT by pabianice
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To: pabianice

Obama: “I care not about your silly little ‘constitution!’ I am KING!”


2 posted on 07/05/2011 1:21:55 PM PDT by ScottinVA (Imagine.... a world without islam.)
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To: pabianice
I hope he's arrogant enough to do this, because the USSC will get on it fifteen minutes later.

There is nothing murky about the issue.

3 posted on 07/05/2011 1:22:12 PM PDT by E. Pluribus Unum ("A society of sheep must in time beget a government of wolves." - Bertrand de Jouvenel des Ursins)
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To: pabianice
Obama advisor: there really is no official debt limit so Obama is free to borrow and spend as much as he wants.

If God is good, and justice is delivered, this entire regime will be serving time in the bottom cells of Supermax.

4 posted on 07/05/2011 1:23:47 PM PDT by ScottinVA (Imagine.... a world without islam.)
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To: pabianice
WHEN THE HELL ARE THE IMPEACHMENT PROCEEDING GOING TO BEGIN.
5 posted on 07/05/2011 1:24:12 PM PDT by Marty62 (Marty60)
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To: pabianice

We just celebrated freedom from taxation without representation.

If we respond any differently than our forefathers did than we deserve the nation we know have.


6 posted on 07/05/2011 1:24:24 PM PDT by NoLibZone (Biden- No representation for Gopers, Obama-Gopers must get in the back of the bus.)
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To: pabianice

“This is so blatantly unconstitutional I’m amazed Obama is even discussing it.”

I’m not surprised he’s discussing it. There is no Constitution...only Obama.


7 posted on 07/05/2011 1:25:04 PM PDT by WKUHilltopper (And yet...we continue to tolerate this crap...)
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To: pabianice

I wonder just how many investors will be jumping on these potentially worthless securities...


8 posted on 07/05/2011 1:25:24 PM PDT by apillar
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To: ScottinVA

You think Americans would chip in the build a special supermax for the members of the Zero Administration?


9 posted on 07/05/2011 1:25:28 PM PDT by Marty62 (Marty60)
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To: pabianice
If the debt limit is unconstitutional then Congress would have to go back to the old method of needing to approve every single bond issued rather than letting the treasury run a tab. That is the equivalent of having a debt limit exactly what the debt is now minus any bonds as they are paid off.
10 posted on 07/05/2011 1:25:45 PM PDT by KarlInOhio (Extremism in the defense of liberty is no vice! Tea Party extremism is a badge of honor.)
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To: ScottinVA

Yeah I was just thinking that someone in congress should have a crown made and present it to the SOB.


11 posted on 07/05/2011 1:25:50 PM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: Marty62

I AGREE!

I am so sick of this man, and the farce he and his “friends” have made of our Constitution!


12 posted on 07/05/2011 1:26:22 PM PDT by Texas56
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To: pabianice

NOW can we impeach the bastard???


13 posted on 07/05/2011 1:26:28 PM PDT by RockinRight (If we're "teabaggers" then they're "d-baggers.")
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To: pabianice

The U.S. Constitution DOES NOT MEAN A THING to these traitors. If he does this, it will be the first time I will call for his impeachment, and I don’t give a ratsass if the Senate does not have the votes!

Let the record show that there were some Americans remaining willing to fight to preserve our Constitution.


14 posted on 07/05/2011 1:26:28 PM PDT by The Bronze Titan
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To: Marty62

I AGREE!

I am so sick of this man, and the farce he and his “friends” have made of our Constitution!


15 posted on 07/05/2011 1:26:34 PM PDT by Texas56
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To: E. Pluribus Unum

“I hope he’s arrogant enough to do this, because the USSC will get on it fifteen minutes later.”

I doubt it. They are afraid to take on any of husseins edicts and actually apply the Constitution to them.


16 posted on 07/05/2011 1:26:42 PM PDT by freeangel ( (free speech is only good until someone else doesn't like it)
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To: pabianice

Why even have a budget then? Why not just have a presidential decree that everything from now on is free for everybody? We won’t even need money anymore then would we?

Obama and his minions are amazingly stupid, corrupt and above all, EVIL!


17 posted on 07/05/2011 1:26:57 PM PDT by Bullish (The golfer takes all the credit and gives the jet fighter pilot all the blame.)
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To: pabianice

What will it take to IMPEACH this a$$ clown dictator? Is it even possible with the spineless Republicans we have in OUR House?


18 posted on 07/05/2011 1:27:03 PM PDT by teletech (Say NO to RINOS!)
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To: pabianice

He’s practicing being a dictator. He is confident that he will win next year. Then he can just take over.

Republicans had better pay attention. We need a CONSERVATIVE candidate for next year. Otherwise, this country is doomed.


19 posted on 07/05/2011 1:27:12 PM PDT by fatnotlazy
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To: pabianice

In a sanely run government, the House would already be concluding their 15 minute long Impeachment proceeding a unanimous “Yeah!” vote.


20 posted on 07/05/2011 1:27:51 PM PDT by Little Ray (Best Conservative in the Primary; AGAINST Obama in the General.)
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