Spaceman_Spiff
Active member
- Joined
- May 16, 2009
- Messages
- 275
- Reaction score
- 107
- Gender
- Male
- Political Leaning
- Moderate
Since you are fine with not raising the debt ceiling, then what spending cuts do you want so essentially the budget balances as of August 2?Is he shouting "do your job!"....
... or his he petulantly shrieking "give me what I want!"....
............ matter of perspective I suppose ............. to me, Congress saying "No" to yet more debt, or yet more Obama-isms, is not necessarily a bad thing.
The thing I find amazing is I do not think the Republicans realize how much power over payments they will be giving President Obama if they choose to not raise the debt ceiling. If it is not raised, then the Treasury Secretary has discretion who will get paid and who does not.
Personally, I like David Frum's idea that President Obama ought to channel his best LBJ impression, and threaten to withhold federal funds from red states if Republicans do not choose to raise the debt ceiling. Maybe delay or stop sending out reimbursement payments for Medicare and Medicaid to doctors, Social Security payments to senior citizens, and payments to any other Republican constituencies. I am sure they won't whine if President Obama gave them what they want and removed all elements of the welfare state in their states.
The other theory I see political commentators and economists bring up with increasing frequency now is that due to the Section 4 of the 14th Amendment, President Obama will be obligated to do whatever he has to in order to ensure that the United States does not default. So if that means he orders the Treasury Secretary to ignore the debt ceiling and continue to sell whatever treasury bonds are required, then that what will be what is done.
Either way, watching the potential collapse of our nation's economy in slow motion has never been this fun.