Posted on 07/09/2011 4:42:15 PM PDT by CincyRichieRich
I’ve always thought he would invoke it ... until recently and the “noise” is, he won’t. But, indeed, it’s merely noise.
Our crier, spineless, GOP speaker of the house will give a damn.
The debt ceiling and servicing the debt have nothing to do with each other. What I am wondering is would Obastard deliberately withhold payments to the debt to destroy the economy?
Nothing, we're told all we can do is vote him out in 2012.
His reelection strategy is based upon Repubs starving Grandma, so his “negotiations” are focused upon achieving this perception by the electorate. It is all politics to him, the fate of the country and well being of the people are secondary and inconsequential.
schu
What will happen when Obama just decides there won't BE another election...who will stop him?
I wonder how all those schmucks who didn't call him on the massive frauds involved with his nativity story &c. feel now.
ML/NJ
>>What will WE do?
Nothing. They (the government and its corporate stooges) will make (have made??) slaves of us. But, they’ll leave us some goodies like smartphones, 300 channels of TV, McDonalds, etc and we’ll be quiet and take it because as long as we have some comforts and most of us have a job, we won’t be ready to die for freedom, especially the freedom that will required to dig us out of this economic mess we’re in. That freedom will require more sacrifices of comforts than Obama’s communism! At least, in the short term...and that’s all anyone cares about anymore.
Besides, the evil is very well distributed from city and state governments to DC to the federal bureaucracy spread across our land to the CEOs and boardrooms that move our jobs overseas and tell us to borrow money from banks to buy their products so they can take home millions of dollars each year. Who do we fight? Who is our ally? Who can we trust? In the coming battles, there will be a lot of quislings trying to sell their souls to get some of the comforts back. It will be an ugly time requiring Americans to be something they have never had to be before.
“would Obastard deliberately withhold payments to the debt to destroy the economy?”
All part of the plan. See Cloward-Piven.
What can he invoke? There is enough money to service the debt, other things will have to be cut. To invoke the 14th amendment, and state we have to go into more debt, in order to honor our debt, is luaghable. The 14th amendment actually works to the GOP’s favor. If they have the spine to turn off the spigot, O will have to service the debt, at the expense of other spending - maybe Libya operations will have to stop, maybe the unspent stimulus hits the general fund...just remember this ‘catastrophe’ can’t happen, because the debt will be serviced.
I have no doubt that there will be a public mass backlash and/or a call for the AnointedIdiot’s impeachment. =.=
I don’t think it will make a lot of difference if he does this or not. I think we’re headed for the same tough times regardless of what he does to the currency.
He has no other option.
Yikes, $64,000 question.
I'd like to say it would never happen but who knows anymore.
But Congress controls the purse strings. That was established in the Constitution.
See this link for a reasoned analysis why his invocation of the 14th Amendment is flawed.
It doesn’t matter if 0bama invokes the 14th Amendment. The 2012 budget needs to be funded starting on October 1st, 2011. So, if 0bama tries going around Congress....he can only do so until October 1st.
Why is everyone complaining!
The people who matter in this case, bond purchasers, won’t buy them except at fantastic yields.
It won’t happen.
This is one illegal, destructive act it’s just impractical for him to do!
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