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Unless you lefties missed it...Obama doesn't have any power over the situation.
Yes he does. The 14th Amendment requires the Government to preserve the full faith and credit of the United States. By refusing to raise the debt ceiling, The Republican Congress would be bringing America's credit into question which is unconstitutional. The President could invoke the 14th Amendment and fight it out with the Republicans in the courts (if they go that route) or he could just go Platinum.
So now its your argument that almost 100% of the debt under Bush, was due to the wars, and he would have had surpluses otherwise? Who the hell you trying to kid?
Quote:
Originally Posted by NewYorkGuy
Okay, so Congress should raise the debt ceiling and allow the Government to pay the bills Congress already racked up. Its not my fault that you don't understand how the U.S. Government works. Why not ask your friend Google?
What I dont understand is how you dont comprehend that NOT TAKING ON MORE DEBT, has NOTHING to do with paying the old debt. And the only way it would, is if you ARE SPENDING MORE..
Where the hell did you get your education from where you believe the only way to pay off old debt, is by taking on new credit cards, ooh while you also believe that taking on new credit cards, doesnt mean your spending more.
What the hell are you trying to pull here? You cant be this serious...
GOP legislators love signing into law lavish spending and tax cuts, but they REFUSE to pay for them, that's a real classy way to deal with the people who lend us money.
Yes he does. The 14th Amendment requires the Government to preserve the full faith and credit of the United States. By refusing to raise the debt ceiling, The Republican Congress would be bringing America's credit into question which is unconstitutional. The President could invoke the 14th Amendment and fight it out with the Republicans in the courts (if they go that route) or he could just go Platinum.
The 14th amendment requires CONGRESS to preserve the faith and credit of the US, NOT THE PRESIDENT.. And the 14th amendment is a Contract between the states, and the federal government, NOT THE PRESIDENT.. Congress could simply pay THE DEBT PAYMENTS, and NOT BE IN DEFAULT..
Since it's been exposed that Republicans live in an alternative universe following their 'total shock' over the landslide Romney defeat that everyone else saw coming, I won't even bother with you.
again, who is suggesting we not pay the credit card on time?
The Republicans who are threatening not to raise the debt ceiling are.
Quote:
Originally Posted by pghquest
its actually a pretty stupid question, considering we have $200B a month in income, and the interest payment is only $30B..
This argument will continue to go full circle unless you educate yourself. Even with incoming revenue, the Government cannot use any more money beyond what is authorized by Congress... even if it is to service our debt. Congress has to authorize any use of money above the self imposed debt ceiling by raising the ceiling.
Unbeknownst to you, what you are advocating is for President Obama to invoke the 14 Amendment option and simply continue to service the debt even if Congress refuses to raise the debt ceiling. I would certainly support that option if push comes to shove as I believe the President should use all powers at his disposal to preserve the full faith and credit of the United States.
So I believe we have found some common ground here, even though that is not what you intended.
The 14th amendment requires CONGRESS to preserve the faith and credit of the US, NOT THE PRESIDENT.. And the 14th amendment is a Contract between the states, and the federal government, NOT THE PRESIDENT.. Congress could simply pay THE DEBT PAYMENTS, and NOT BE IN DEFAULT..
But they are refusing to do that by not raising the debt ceiling hence we risk defaulting on our debt. What part of that don't you understand?
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