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Pelosi on Raising Debt Ceiling Unilaterally: “I Would Do It in a Second, But I’m Not the President”
Cybercast News Service ^ | January 4, 2013 | Elizabeth Harrington

Posted on 01/05/2013 5:30:57 AM PST by Olog-hai

House Minority Leader Nancy Pelosi (D-Calif.) said Friday that she would raise the debt limit unilaterally “in a second” if she were president of the United States.

Pelosi and other Democrats have suggested that the president could bypass Congress and unilaterally raise the debt ceiling by invoking the 14th Amendment of the Constitution, which states, “The validity of the public debt of the United States…shall not be questioned.” …

The next battle in Congress will be raising the debt ceiling, after the deal to avert the fiscal cliff failed to address the borrowing limit. President Obama said he “will not negotiate” on raising the debt ceiling, while Republicans have insisted on matching any raise with greater spending cuts.

Although the U.S. officially hit its debt limit of $16.394 trillion on New Year’s Eve, Treasury Secretary Timothy Geithner is imposing “extraordinary measures” to stall exceeding the debt ceiling until Feb. 28, giving Congress not much time to foster an agreement. …

(Excerpt) Read more at cnsnews.com ...


TOPICS: Business/Economy; Government; News/Current Events; US: District of Columbia
KEYWORDS: 113th; bho44; debt; debtceiling; fiscalabyss; fiscalcrisis; pelosi
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To: Olog-hai

Nanny Pelosi - another dead end on the evolutionary tree of mankind.


21 posted on 01/05/2013 7:31:45 AM PST by Iron Munro (I Miss America !!!!)
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To: Iron Munro

She’s a wreath.


22 posted on 01/05/2013 7:35:16 AM PST by liberalh8ter (If Barack has a memory like a steel trap, why can't he remember what the Constitution says?)
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To: Olog-hai; All

Section 5 of the 14th amendment states:
“The Congress shall have the power to enforce, by appropriate legislation, the provisions of this article.”
The President is given no authority to over ride the Congress.


23 posted on 01/05/2013 8:24:01 AM PST by MCF
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To: Democrat_media

Yet the American people still think everything is a okay, there will be civil war, it’s already started, the Democrats are trying to usurp the laws of God with the laws of men, God will win!


24 posted on 01/05/2013 8:51:56 AM PST by IslamE (epiphany)
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To: Olog-hai

Are ANY of these”People”aware of The US Constitution?


25 posted on 01/05/2013 9:05:45 AM PST by bandleader
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To: bandleader

They’re aware of it, they just don’t care for it.


26 posted on 01/05/2013 9:06:37 AM PST by Hoodat ("As for God, His way is perfect" - Psalm 18:30)
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To: Olog-hai

Any Republican voting for raising the debt ceiling should be written off as a Democrat vote, and they are closer to Pelosi’s views then being a fiscal conservative.


27 posted on 01/05/2013 9:13:27 AM PST by Son House (Romney Plan: Cap Spending At 20 Percent Of GDP.)
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To: Olog-hai

The scumbag rats will do anything to make sure they have the loot to continue buying the votes of their moocher base.
I really liked the “trillion dollar coin” idea.


28 posted on 01/05/2013 9:51:03 AM PST by Lancey Howard
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To: Olog-hai

imagine the financial obligations of the US being guaranteed by the full faith and credit of ....

Nancy Pelosi

or Harrison J Bounell


29 posted on 01/05/2013 9:52:16 AM PST by silverleaf (Age Takes a Toll: Please Have Exact Change)
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