Posted on 10/11/2013 5:34:06 AM PDT by IbJensen
Obama knows he needs to make his big move soon. It won’t be long before aspirants start gearing up to replace him and his eventual exit becomes becomes more apparent. At that point he is truely a lame duck. But no, he want’s to seize control before others try to take the stage from him. He will manufacture a crisis to exploit, and the current stalemate may be the basis for it. He has no regard for law, our country or the Constitution. He’s a despot wannabe.
“The second possibility would be that President Obama, because of laws that are already on the books, would have the power to declare a ‘national catastrophe’ and simply assume the leadership of the government.”
And...what ‘laws that are already on the books’ are these? Inquiring minds want to know.
Then Valerie Jarrett is in charge....as she is now......spirit of Jezebel......
If anyone circumvents Congress for debt issuance the 14th Amendment’s Constitutional guarantee of paying the debt would be nullified since that debt was issued without Constitutional authority.
IMO.
End of America’s power. End of the dollar being the reserve currency. End of anyone lending money to America.
I’m not sure Obama would risk it.
He screwed up the Syrian situation badly and has now painted himself into a corner whereby he will suffer tremendous political damage if he concedes anything to Republicans. But if he doesn’t give in, there’s no telling how much he’ll be blamed for any ensuing economic chaos. He’s walking on very thin political ice and could fall through at any moment.
How true you are!
End of America’s power. End of the dollar being the reserve currency. End of anyone lending money to America.
I’m not sure Obama would risk it.
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So far he doesn’t seem to hesitate to do stuff that brings the end of America’s power and end of the dollar as the reserve currency, so don’t you ever wonder whether that’s exactly what he wants?
We the peopke, my FRiend.
>Obama has lost track of what country he is in.<
.
He knows exactly what country he’s in.
He is poised to pound the last nail into its coffin with the help of both parties.
and the people too!
Dictator wannabe.
No use speculating on 2016, then, I guess.
Heck, the 14th amendment grants no “power” to anyone to pay debts, it just establishes a responsibility to pay them. Furthermore, the amendment reinforces explicitly that it is Congress who has that responsibility, not the President.
Go for it Obama. You don’t have the nerve.
The Ubergoofball has his head to his own left looking for the approval of Marx, Engles, Stalin, Mao and Che...
I agree, it won’t be long.
the “first ever default” meme is false. There have been short term defaults in past history - most recently I believe in ‘79 for few days, but there were larger ones as discussed herein:
http://www.cnbc.com/id/43140915
http://usgovinfo.about.com/od/moneymatters/a/Has-US-Ever-Defaulted-On-Its-Debt.htm
http://en.wikipedia.org/wiki/Sovereign_default
The last two are specific to the ‘79 default which was more of a glitch for a few hours and the wikipedia also lists several state defaults.
Long and short is we have defaulted numerous times and we are still here.
If he makes the grab things will be “interesting” as he has no basis for it.
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