MaggieMae
Reality bits
- Apr 3, 2009
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Watching the news right now. Boehner just laid out a plan about 40 minutes ago. Now Obama has decided before the nation tonight at 9 eastern (8 Central time) and aids are saying he will go ahead and bypass congress and invoke the 14th amendment which experts say will increase the crisis because the Constitution states that he can't do it without the lawful approval of Congress. Does this mean that SS checks will not go out for seniors and veterans? We will find out I guess. The word is that he can be impeached if he allows us to default. The sign that hints to Obama stating he will invoke the 14th Amendment was this in his La Raza speech earlier today which is in this link.
Obama: I'd Like 'to Bypass Congress and Change the Rules on My Own' - George E. Condon Jr. - NationalJournal.com
President Obama let his frustration over the stalled debt talks seep into an address on Latino issues on Monday, confessing that hed like to bypass Congress and change the laws on my own.
What does sound like he wants to be? That's right, a dictator. I guess we will find out tonight.
This is such a no-brainer, it's shocking that a once respectable publication like The National Journal would even jump into the ridiciculous fray. The 14th amendment REQUIRES that existing debt obligations be paid.
OPERATIVE WORD: EXISTING!!!!!!!!!!!!!!!!!!
Heres what the amendment actually says:
"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...[It goes on to say]...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."
The Republican talking heads continue to assert that raising the debt ceiling gives the president carte blanche permission to continue to borrow more moneywithout the approval of Congressin order to keep paying off past loans. That is NOT the purpose, nor is it what would happen with a one-paragraph bill raising the debt ceiling this time around.
Republicans are insisting on making this political by choosing to incorporate future budget propositions into this singular CONSTITUTIONAL requirement. Enough!!!
For Congress to limit the amount of the FUTURE debt has NOTHING to do with the debt that has been already authorized by law.