Page 6 of 11 FirstFirst ... 45678 ... LastLast
Results 51 to 60 of 106

Thread: Can President Obama Unilaterally Raise the Debt Ceiling?

  1. #51
    Advisor aberrant85's Avatar
    Join Date
    Aug 2013
    Location
    SF Bay Area
    Last Seen
    10-04-15 @ 04:01 PM
    Gender
    Lean
    Liberal
    Posts
    594

    Re: Can President Obama Unilaterally Raise the Debt Ceiling?

    Quote Originally Posted by Threegoofs View Post
    That's what he has to say.

    But when Jack Lew comes into his office and says- 'I need to write the interest check on the bonds', you know damn well he's gonna pull out his trillion dollar coin.
    (They can't let Boehner know that though )
    "Obamacare delenda est"

  2. #52
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Today @ 12:51 PM
    Gender
    Lean
    Conservative
    Posts
    30,274

    Re: Can President Obama Unilaterally Raise the Debt Ceiling?

    Quote Originally Posted by poweRob View Post
    HOw does a demcratic president lead a house full of tempertantrum throwing republicans who admit that their only goal was to stand against him by all means necessary?
    Not by making excuses like that.....
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  3. #53
    Sage

    Join Date
    Dec 2011
    Location
    Florida
    Last Seen
    Today @ 03:54 AM
    Gender
    Lean
    Liberal
    Posts
    23,366

    Re: Can President Obama Unilaterally Raise the Debt Ceiling?

    Quote Originally Posted by Threegoofs View Post
    Oh, yeah. He should be impeached for....stuff.

    I bet you have a long list of impeachable 'offenses' to list. Spare us the details.

    But in non-bizarro land, impeaching a President for exercising Good judgement in not letting the nation default would be absolutely inexcusable.
    Not only that, the Senate would never convict him. He would be acquitted.

  4. #54
    Sage


    Join Date
    Feb 2013
    Location
    IL
    Last Seen
    Today @ 04:16 AM
    Gender
    Lean
    Moderate
    Posts
    36,805

    Re: Can President Obama Unilaterally Raise the Debt Ceiling?

    It is a SCOTUS issue on the 14th and the POTUS knows it. Can'tor wait for Issa's hearing(s) heading into the 2014 election.
    Meanwhile, in 2013, Mr. Obama has my permission to procede to negate Repubs from crashing a fourth straight Christmas.

  5. #55
    Sage

    Join Date
    Dec 2011
    Location
    Florida
    Last Seen
    Today @ 03:54 AM
    Gender
    Lean
    Liberal
    Posts
    23,366

    Re: Can President Obama Unilaterally Raise the Debt Ceiling?

    Quote Originally Posted by ItAin'tFree View Post
    No dodge at all.

    The House passed legislation and the President and Senate have enacted a partial shutdown of the government demanding changes to that legislation.
    And since when is a CR the place to force the repeal of a law? What kind of Govt. do you think we have? What if the Dems had threatened to do the same to Bush if a assault weapons ban and a gun control law was not enacted along with the CR? Would you be feeling the same way? Because if the Dems get the House that is what they will surely do. I hope you don't change your mind about the tactic.

  6. #56
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    Today @ 10:51 AM
    Gender
    Lean
    Conservative
    Posts
    76,305

    Re: Can President Obama Unilaterally Raise the Debt Ceiling?

    Quote Originally Posted by aberrant85 View Post
    http://www.nytimes.com/2013/10/03/bu...n.html?hp&_r=0

    If the debt ceiling is not raised by [Oct 17], the Treasury estimates it will be left with about only $30 billion in cash, which would be used up in a matter of days.

    As a result, economists and investors have quietly begun to explore the options the White House might have in the event Congress fails to act.

    The most widely discussed strategy would be for President Obama to invoke authority under the 14th Amendment and essentially order the federal government to keep borrowing, an option that was endorsed by former President Bill Clinton during an earlier debt standoff in 2011.

    And in recent days, prominent Democrats like Senator Max Baucus, chairman of the Senate Finance Committee, and Representative Nancy Pelosi, the House minority leader, have urged the White House to seriously consider such a route, even if it might provoke a threat of impeachment from House Republicans and ultimately require the Supreme Court to rule on its legitimacy.

    Other potential October surprises range from the logistically forbidding, like prioritizing payments, issuing i.o.u.’s or selling off gold and other assets, to more fanciful ideas, like minting a trillion-dollar platinum coin.


    The trillion dollar coin idea, reminiscent of Mr. Burns, is based on a law that says that the US can mint a coin of pure platinum in any denomination, essentially giving us $1T extra to use in case of a looming default.

    If the effects of a debt default would be so grievous to the economy, would Obama see it necessary to use his authority to raise the debt ceiling himself?

    And where would it go from there?
    You on a posting binge? Gonna run around here pissing and moaning that your precious free Obamacare isn't getting to you quick enough?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  7. #57
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Today @ 12:51 PM
    Gender
    Lean
    Conservative
    Posts
    30,274

    Re: Can President Obama Unilaterally Raise the Debt Ceiling?

    Quote Originally Posted by iguanaman View Post
    And since when is a CR the place to force the repeal of a law? What kind of Govt. do you think we have? What if the Dems had threatened to do the same to Bush if a assault weapons ban and a gun control law was not enacted along with the CR? Would you be feeling the same way? Because if the Dems get the House that is what they will surely do. I hope you don't change your mind about the tactic.
    Regular order is what should be demanded from the American people....Answer why Reid won't appoint conferee's?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  8. #58
    Professor
    Join Date
    Jul 2013
    Last Seen
    11-30-13 @ 07:05 PM
    Lean
    Undisclosed
    Posts
    1,293

    Re: Can President Obama Unilaterally Raise the Debt Ceiling?

    Quote Originally Posted by iguanaman View Post
    And since when is a CR the place to force the repeal of a law?
    Well, ask Reid. Being he is the one that has stopped all yearly budget talks.
    "“If we don’t deepen our ports all along the Gulf — places like Charleston, South Carolina; or Savannah, Georgia; or Jacksonville, Florida…” -Obama

  9. #59
    Sage

    Join Date
    Dec 2011
    Location
    Florida
    Last Seen
    Today @ 03:54 AM
    Gender
    Lean
    Liberal
    Posts
    23,366

    Re: Can President Obama Unilaterally Raise the Debt Ceiling?

    Quote Originally Posted by ItAin'tFree View Post
    Well, ask Reid. Being he is the one that has stopped all yearly budget talks.
    Except for the budget the Senate passed in March which Boner refused to look at.

  10. #60
    Sage

    Join Date
    Dec 2011
    Location
    Florida
    Last Seen
    Today @ 03:54 AM
    Gender
    Lean
    Liberal
    Posts
    23,366

    Re: Can President Obama Unilaterally Raise the Debt Ceiling?

    Quote Originally Posted by j-mac View Post
    Regular order is what should be demanded from the American people....Answer why Reid won't appoint conferee's?
    Because there will be no negotiating on passing the CR that the Republicans asked for. The Republicans set the amount of the CR and the Dems agreed to it. What more can they expect to get?

Page 6 of 11 FirstFirst ... 45678 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •