How about this, we have an impeachment and skip the trial in the Senate Weed, er, Reid.
This is now ... That was "then" (a walk through history) ...
Senator 0bama calls President (although he didn't care to respectfully use the title) Bush 'irresponsible and unpatriotic' for requesting to increase the Nation's debt ceiling.
Harry doesn’t say anything about circumventing the congress to issue debt.
That’s just POLITICO’s spin.
The administration will have to adjust what, besides debt, it pays for and how much. It’s not ‘regular’ but it’s no big deal.
Harry: Do your job and pass a budget, you weasely little ****.
Obama skips debt commission meeting
December 9th, 2010
http://whitehouse.blogs.cnn.com/2010/12/09/obama-skips-debt-commission-meeting/
he’s deeply concerned, for sure.
Reid is wrong legally, Constitutionally and very simply factually.
1. Only Congress can authorize NEW debt issues by tshe Federal Government - the treasury, Constitutionally MUST have CONGRESSIONAL authorization for them; the Executive can only carry them out, it cannot self-authorize them.
2. Raising the national debt “ceiling” IS a matter of CONGRESS authorizing the treasury to issue more debt than has already, previously been authorized. Raising the “national debt ceiling” IS the treasury issuing MORE debt, AS AUTHORIZED BY CONGRESS, so that the total debt outstanding is increased.
3. NOT raising the “national debt ceiling”, in and of itself, CANNOT cause a failure of the federal government to honor the full faith and credit of the debt it already has.
4. Failure to honor the full faith and credit of any U.S. debt has nothing to do with the debt ceiling.
5. Failure to honor the full faith and credit of any U.S. debt can only occur when the treasury fails to make interest or principal (on maturity) payments on debt already issued. It has nothing to do with any new debt ceiling/limit. If principal is paid on an older debt issue, the sum of that debt issue becomes available for new debt - if needed - under any authorized debt limit.
6. Failure to honor the full faith and credit of any U.S. debt can only occur when (a) the treaury is told to pay other things and leave U.S. debt obligations that are due (any, some, all) unpaid or (b) all available revenue IS used to pay U.S. debt obligations that are due and it is not enough to pay for all U.S. debt obligations that are due.
7. Harry Reid knows that neither (a) or (b) above are in the cards. Monthly federal revenue is enough to pay current U.S. debt obligations coming due and pay for SOME other things, and Obama may be an ideologue and a Marxist political thug, but his treasury dept will pay the debt obligations.
8. The only thing in real jeopardy if the “national debt ceiling” is not raised IS NOT “the full faith and credit” of the United States. The only thing in real jeopardy is Obama’s spending on all sorts of other things BESIDES any interest and principle due on any part of the federal debts.
Harry Reid is a liar par excellance. He knows there is neither a Constitutional crisis or a “national debt ceiling crisis” or a crisis concerning the “full faith and credit” of the United States.
The only thing IN CRISIS, concerning the national debt ceiling, is the ability of Obama and Reid to continue spending our money as they have been. That’s the fact.
How about a budget first!
As long as there are enough revenues coming in each month to pay the interest on the debt, there is no default.
This is just a trial balloon and it should be smacked down swiftly and surely by the GOP in the Congress.
If Obama attempts this, it will precipitate a Constitutional crisis.
It’s the debt that threatens the full faith and credit of the United States.
Is this why they are fanning the flames on Gun Control?
TT
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;
NOWHERE above does it say the PRESIDENT shall have the power to pay the Debts and to borrow Money on the credit of the United States. If letting the President unilaterally raise the debt ceiling isn't a DIRECT and OBVIOUS violation of the Constitution, I don't know what is. But I'm sure our "Constitutional Scholar" President knows this and will follow the law to the letter, as he always does.
Treasonous Traitors, every Got damned one of them.
These democrat Nazi pigs are begging Buckwheat to assume dictatorial powers.
We’re making a list.
We’re checking it twice.
We’re gonna find out who’s naughty or nice...
The next president may just send them to Gitmo by Executive Order. Harry and Gitmo and a little Jimmy Buffet music.
Proof that we need term limits.
One Term in Office
Two Terms in JAIL
This is TREASON.
The President cannot write himself checks.
Reid and Sens. Dick Durbin, Chuck Schumer..THE THREE STOOGES
It’s OK to skip Congress when it comes to handing out paychecks.
It’s the debt that threatens the full faith and credit of the United States.
