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Pelosi: Obama Should Raise Debt Limit Directly, Go Around Congress
TPM ^ | 6-20-12 | Brian Beutler

Posted on 06/20/2012 10:10:19 PM PDT by tcrlaf

House Minority Leader Nancy Pelosi has changed her public position on an issue that divided Democrats during the fight over raising the debt ceiling last summer.

She now says that President Obama should use the 14th Amendment to raise the debt ceiling by fiat — to preserve the country’s credit rating and avoid another economically harmful brinksmanship over the country’s borrowing limit.

“I would like to see the constitution used to protect the country’s full faith and credit,” she told a handful of columnists at a roundtable. According to Matt Yglesias, “She didn’t offer a legal argument in favor of the position, but argued on policy grounds that ‘you cannot put the country through the uncertainty’ again, noting that America’s sovereign debt was downgraded by ratings agencies in the wake of the standoff even though it was successful resolved.”

“This isn’t just about credit ratings,” she added. “It’s about the dynamism of our economy.”

(Excerpt) Read more at tpmdc.talkingpointsmemo.com ...


TOPICS: Front Page News; Government; News/Current Events; Politics/Elections; US: California
KEYWORDS: 14thamendment; 2012; botoxposioning; california; corruption; debt; debtceiling; debtlimit; democrats; dictatorship; liberalfascism; madambotox; madness; nancypelosi; obama; pelosi; presidentdowngrade
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She's 'Evolved' on totalitarianism, it seems...

Ask every Obama voter you know. "Is this REALLY the Hopey-Changey Thingy you thought you were voting for in 2008?"

On Election Night, 2008, I noted that "This is how Democracy dies. Not with a whimper, but to wild and thunderous applause."

Damn, I HATE always being right about this crap.

1 posted on 06/20/2012 10:10:30 PM PDT by tcrlaf
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To: tcrlaf

Maggot.


2 posted on 06/20/2012 10:15:26 PM PDT by karnage
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To: tcrlaf

She’s ‘Evolved’ on totalitarianism, it seems...
Ask every Obama voter you know. “Is this REALLY the Hopey-Changey Thingy you thought you were voting for in 2008?”

On Election Night, 2008, I noted that “This is how Democracy dies. Not with a whimper, but to wild and thunderous applause.”

>>>>>Damn, I HATE always being right about this crap.<<<<


You were/are exactly right.


3 posted on 06/20/2012 10:20:36 PM PDT by unkus
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To: tcrlaf

This evil woman is a stress on the soul of mankind.

How is her wicked mind remotely connected to this country or any regard for Americans, their Constitution, freedom and liberty, free market, supply and demand of capitalism?

This awful woman is an enemy of the state, a clear and present danger and in high office. California needs to be impeached.

God, help us.


4 posted on 06/20/2012 10:23:11 PM PDT by RitaOK (NO ROMNEY, NO COMPROMISE. NO WAY. NO HOW. NOT NOW. NOT EVER.)
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To: RitaOK

This awful woman is an enemy of the state, a clear and present danger and in high office. California needs to be impeached.


But she swears she’s a good Catholic./s

Pelosi is as despicable as they come.


5 posted on 06/20/2012 10:27:08 PM PDT by unkus
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To: tcrlaf

Please, Dear God, tell me there’s some way Issa can tie her to Holder’s F&F, and barring that at least get a Court Order to have Federal Marshals stuff a sock in her mouth.


6 posted on 06/20/2012 10:30:21 PM PDT by To-Whose-Benefit? (It is Error alone which needs the support of Government. The Truth can stand by itself.)
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To: unkus

There are MANY of them (despicable)....this has been brewing for years....


7 posted on 06/20/2012 10:31:28 PM PDT by goodnesswins (What has happened to America?)
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To: tcrlaf
Nana is as batty as an outhouse rat.


8 posted on 06/20/2012 10:34:14 PM PDT by Iron Munro (John Adams: 'Two ways to enslave a country. One is by the sword, the other is by debt')
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Comment #9 Removed by Moderator

To: tcrlaf

Why not? The democrats know they can get away with it. We didn’t think they would stop at Libya or gay marriage or the new Amnesty EO, did we?


10 posted on 06/20/2012 10:34:56 PM PDT by tsowellfan (Should Obama recuse himself from making any decisions on immigration?)
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To: tcrlaf

14th amendment? Is he a former slave or Indian? /s


11 posted on 06/20/2012 10:36:08 PM PDT by Vendome (Don't take life so seriously, you won't live thnrough it anyway)
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To: RitaOK
Sadly, Nancy Pelosi is no longer the BIG elephanr in the room. It is they who allowed all the past by-passes of Congress go without resistence.

John Boehner is the BIG elephant in the room.

12 posted on 06/20/2012 10:37:34 PM PDT by tsowellfan (Should Obama recuse himself from making any decisions on immigration?)
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To: Vendome

How? The argument runs that Section 4 authorizes it.

Section 4. The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.

Validity of the public debt.

Funny how the only way they want to use the Constitution is to destroy what it’s there to protect.


13 posted on 06/20/2012 10:45:53 PM PDT by To-Whose-Benefit? (It is Error alone which needs the support of Government. The Truth can stand by itself.)
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To: tcrlaf

How was the debt crisis successfully resolved, again, Nancy?


14 posted on 06/20/2012 10:46:07 PM PDT by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: RitaOK

She will go down so hard and fast once Satan is done with her.


15 posted on 06/20/2012 10:47:02 PM PDT by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: tsowellfan

Boner is the big, scared, weepy elephant in the room.


16 posted on 06/20/2012 10:48:08 PM PDT by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: tcrlaf

“...raise the debt ceiling by fiat — to preserve the country’s credit rating....”

####

Unspeakably ignorant, economic idiocy.


17 posted on 06/20/2012 10:49:11 PM PDT by EyeGuy (Armed, judgmental, fiscally responsible heterosexual.)
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To: tcrlaf

She’s begging Obama to take total control of the government and rule by decree.

This is treason. Utter, contemptible, bald-faced treason.


18 posted on 06/20/2012 10:52:59 PM PDT by Ronin (Dumb, dependent and Democrat is no way to go through life - Rep. L. Gohmert, Tex)
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To: tcrlaf

Damn, I HATE always being right about this crap.
= = = = = = = = = = = = = = = = = = = = = = = = = = = = =
Very true. But ‘they’ would never believe that there are many things one would just as soon be wrong about, and the BO situation is definitely one of them.

Don’t know if you had seen good ‘explanation’ for the mis/uninformed inre ‘debt ceiling’.

You are at work and get a call from your wife that the sewer line broke and waste is seeping into the basement and getting worse.
You get home and the room is about 3/4 full of sewage etc and you must make a decision.

Do you call a plumber and house restorer and pump it out and rebuild or a structural engineer to come and jack the house up so more crap can be stored there?


19 posted on 06/20/2012 10:55:08 PM PDT by xrmusn (6/98 Let's start from scratch by voting ALL incumbents out.)
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To: tcrlaf; TheOldLady; WildHighlander57; netmilsmom; tomdavidd; Freeper; Gvl_M3; Flotsam_Jetsome; ...
Image and video hosting by TinyPic

.

20 posted on 06/20/2012 10:56:41 PM PDT by LucyT
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