It all depends on who you listen to about whether or not we will default. Many economists say we do not have to default on debt if the debt ceiling is not raised. Usually I hear people saying the Repubs are screaming "the sky is falling"... this time it is the Dems doing it.. There are several things people would like to impeach Obama for. I had this discussion elsewhere and reluctantly came to the conclusion that the focus should be on making sure he is not re-elected rather than trying to impeach him. That was before I read this, though. IF he does this I am jumping on the impeach him wagon.
I've never been able to understand why a Republican contributor is a 'fat cat' and a Democratic contributor of the same amount of money is a 'public-spirited philanthropist'.
How the F*** could ANYONE even consider using the 14th this way is just....staggering. Now I don't know if Obama has actually considered this or even mentioned that he is even slightly considering this (note that the article actually doesn't say that Obama is)...but if he is this is even more reason to get that s.o.b out of the POTUS chair.
I thought I was done being surprised at the crap people suggest when it comes to politics...but this....this has shocked me.
I have an answer for everything...you may not like the answer or it may not satisfy your curiosity..but it will still be an answer. ~ Kal'Stang
My mind and my heart are saying I'm in my twenties. My body is pointing at my mind and heart and laughing its ass off. ~ Kal'Stang
Let's see here:
1) Congress authorized a certain amount of spending.
2) Congress authorized a certain amount of taxes to be collected.
3) Congress prohibited the Treasury from borrowing money to make up the difference.
It doesn't take a PhD in Economics to see that statements 1, 2, and 3 are incompatible. Since Congress has passed contradictory laws, the executive branch will have to pick and choose which laws get enforced. It's hardly an ideal situation, but under the circumstances I can't say I blame Obama. There is no particular legal reason why #3 should take priority over #1, since Congress passed them BOTH with equal legitimacy and with equal force of the law.
Last edited by Kandahar; 07-04-11 at 02:51 AM.
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I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.