Sheldon
Senior Member
- Apr 2, 2010
- 5,213
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We have enough funds coming in every month to pay the debt, so all this talk about defaulting is pure BS. The question really is about everything else, like social security, medicare/medicaid, paying the troops, federal prison guards and so on. Does the executive branch have the authority to ignore the debt ceiling and continue to borrow money to cover it's other obligations? If so, then why bother to have a Congress if the president can run up however much debt he wants to. Looks like we're close to that point already, isn't the EPA trying to implement a carbon tax without legislation?
I am reminded of how the Roman empire gradually changed from a republic to a dictatorship. The details are different but IMHO this president is usurping way too much power from the other branches of gov't. Not saying we'll end up with emperors, but I don't like the way things are going.
I think it took over a century for Rome to go from a Republic (as corrupt as it was) to an Empire. But ironically as an Empire it experienced tons of economic and wealth gain through increased arable land that they conquered/stole. The moral of the story is that if a power gets too powerful it eventually collapses. An umbrella can protect you against only so much rain before if buckles under the weight of water.