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Obama would veto Republican budget bill (Obama wants to bankrupt this country)
wall street journal ^ | 7/18/2011 | By Robert Schroeder

Posted on 07/18/2011 3:31:39 PM PDT by tobyhill

WASHINGTON (MarketWatch) — President Barack Obama would veto a House Republican bill that requires Congress to add a balanced-budget amendment to the Constitution before raising the country’s debt limit, the White House said Monday, as action in the debt-ceiling debate moved to Capitol Hill.

The House GOP’s “Cut, Cap and Balance Act” “would undercut the government’s “ability to meet its core commitments to seniors, middle-class families and the most vulnerable, while reducing our ability to invest in our future,” the White House said in a policy statement about the bill, which would also cut spending from the 2012 budget and cap future spending.

House Republicans are planning a Tuesday vote on the bill, which would raise the debt ceiling by $2.4 trillion and require matching spending cuts. The bill, one of several plans for raising the debt limit and cutting spending, is expected to fail in the Senate. Read a summary of the Cut, Cap and Balance Act.

The U.S. government is facing an Aug. 2 deadline for raising the debt ceiling, according to the Treasury Department, and Obama met over the weekend with House Speaker John Boehner and House Majority Leader Eric Cantor to discuss the debt limit.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Extended News; News/Current Events
KEYWORDS: fdr; greatsociety; slumlord

1 posted on 07/18/2011 3:31:47 PM PDT by tobyhill
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To: tobyhill

Since the American people know what this President is up to, why is he still President?


2 posted on 07/18/2011 3:35:43 PM PDT by RC2
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To: tobyhill

Amending the Constitution???? This is all Fluff and Puff.

There are essentially two ways spelled out in the Constitution for how to propose an amendment. One has never been used.

The first method is for a bill to pass both houses of the legislature, by a two-thirds majority in each. Once the bill has passed both houses, it goes on to the states. This is the route taken by all current amendments. Because of some long outstanding amendments, such as the 27th, Congress will normally put a time limit (typically seven years) for the bill to be approved as an amendment (for example, see the 21st and 22nd).

The second method prescribed is for a Constitutional Convention to be called by two-thirds of the legislatures of the States, and for that Convention to propose one or more amendments. These amendments are then sent to the states to be approved by three-fourths of the legislatures or conventions. This route has never been taken, and there is discussion in political science circles about just how such a convention would be convened, and what kind of changes it would bring about.

Regardless of which of the two proposal routes is taken, the amendment must be ratified, or approved, by three-fourths of states. There are two ways to do this, too. The text of the amendment may specify whether the bill must be passed by the state legislatures or by a state convention. See the Ratification Convention Page for a discussion of the make up of a convention. Amendments are sent to the legislatures of the states by default. Only one amendment, the 21st, specified a convention. In any case, passage by the legislature or convention is by simple majority.

The Constitution, then, spells out four paths for an amendment:

Proposal by convention of states, ratification by state conventions (never used)
Proposal by convention of states, ratification by state legislatures (never used)
Proposal by Congress, ratification by state conventions (used once)
Proposal by Congress, ratification by state legislatures (used all other times)

It is interesting to note that at no point does the President have a role in the formal amendment process (though he would be free to make his opinion known). He cannot veto an amendment proposal, nor a ratification. This point is clear in Article 5, and was reaffirmed by the Supreme Court in Hollingsworth v Virginia (3 US 378 [1798]):

The negative of the President applies only to the ordinary cases of legislation: He has nothing to do with the proposition, or adoption, of amendments to the Constitution.

Who amount us this this could POSSIBLY happen?????


3 posted on 07/18/2011 3:37:33 PM PDT by radioone (How Can an Obscure Guy Who Did Diddly Squat in the Senate Become President?)
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To: tobyhill
Republicans, don't give in d@mn it!

Make 0bama own it then!

Make for a great '12 campaign against a wannabe dictator.

4 posted on 07/18/2011 3:37:50 PM PDT by EGPWS (Trust in God, question everyone else)
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To: tobyhill


Obama wants to take the south side of chicago national, turn the country into one big slumblord fest....as a community organizer, he is perfect for this task, spreading misery equally....
5 posted on 07/18/2011 3:38:56 PM PDT by Fred (Palin/Bachmann 2012 OR Bachmann/Palin 2012......that is the ticket!!!)
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To: Fred

correction....SLUMLORD..


6 posted on 07/18/2011 3:40:07 PM PDT by Fred (Palin/Bachmann 2012 OR Bachmann/Palin 2012......that is the ticket!!!)
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To: radioone

Strike that last sentence:

Who among us think this could POSSIBLY happen?????


7 posted on 07/18/2011 3:40:36 PM PDT by radioone (How Can an Obscure Guy Who Did Diddly Squat in the Senate Become President?)
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To: tobyhill

He’s crashing us on purpose.


8 posted on 07/18/2011 3:42:36 PM PDT by Principled
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To: tobyhill

I’ve said a lot of bad things about McConnell, but I suppose he may believe default is Obama’s goal and he wants to stop it.


9 posted on 07/18/2011 3:43:51 PM PDT by Jim Noble (Freedom is the freedom to say 2+2=4. If that is granted, all else follows.)
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To: radioone
It is fluff and that's why once the Senate rejects it, the House should come back with the same bill absent the BBA, send it to the Senate and tell Obama and the Rats to take or leave or even “Shove it”.
10 posted on 07/18/2011 3:44:53 PM PDT by tobyhill (Real Spending Cuts Don't Require Increasing The Debt)
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To: Fred

Democrats and Obama simply criticize and demagogue these issues. Democrats and Obama simply say they oppose Republican proposals, without putting forth proposals of their own.

Remember when the Dems. said the Republicans were the party of “no”? Who is the party of “no” now?????

As difficult as this issue is, there’s no reason why it can’t be resolved through tough give and take negotiations. But real negotiations require good faith efforts. We can’t just have 0bama get p**sed off, tell Eric Cantor not to call his bluff, and threaten that Social Security checks won’t be issued.


11 posted on 07/18/2011 3:45:42 PM PDT by Dilbert San Diego
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To: tobyhill

Cloward-Piven!!!!!


12 posted on 07/18/2011 3:48:52 PM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: tobyhill

Good. Let him veto the bill, and cause the country to default on its debt.


13 posted on 07/18/2011 3:49:26 PM PDT by NYCslicker
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To: tobyhill

Refusing to raise the debt ceiling is a defacto balanced budget. It is a mechanism the GOP controls now. Throw the switch and cut the damn spending.


14 posted on 07/18/2011 3:49:40 PM PDT by Poison Pill
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To: tobyhill
Didn't Obama say, or write that all those who have gotten rich in America did so on the backs of ethnic minorities? Since he took office his plan has been to redistribute that wealth to make amends.
15 posted on 07/18/2011 3:50:37 PM PDT by Baynative (Are you a Free Republic monthly donor yet? If so, thanks. If not, why?)
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To: RC2

Watch the 10 year treasury to determine if WS thinks that these DC BSers are NOT going to raise the debt ceiling....
If the yield starts skyrocketing then we have a problem...so far nothing but crickets on the yield...

current
10-Year Note* -6/32 2.931
Just checked at http://online.wsj.com/mdc/public/page/mdc_bonds.html

for a comparison look up the Greek or Spain bond yields.


16 posted on 07/18/2011 3:51:48 PM PDT by Fred (Palin/Bachmann 2012 OR Bachmann/Palin 2012......that is the ticket!!!)
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To: RC2

Watch the 10 year treasury to determine if WS thinks that these DC BSers are NOT going to raise the debt ceiling....
If the yield starts skyrocketing then we have a problem...so far nothing but crickets on the yield...

current
10-Year Note* -6/32 2.931
Just checked at http://online.wsj.com/mdc/public/page/mdc_bonds.html

for a comparison look up the Greek or Spain bond yields.


17 posted on 07/18/2011 3:52:03 PM PDT by Fred (Palin/Bachmann 2012 OR Bachmann/Palin 2012......that is the ticket!!!)
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To: tobyhill

And the “media” will blame Repubs in an attempt to make the sheeple think it’s not Zero’s fault.


18 posted on 07/18/2011 3:53:44 PM PDT by jeffc (Prayer. It's freedom of speech.)
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To: Fred
“Obama wants to take the south side of chicago national, turn the country into one big slumblord fest....as a community organizer, he is perfect for this task, spreading misery equally.... “

I agree with you. Equally to the point, he is a racist and seems to truly believe that the people who live in the slums and dangerous neighborhoods of the south side of Chicago bear no personal responsibility for their plight. It's all because of those privileged non-minorities, and redistributing what they have is totally fair. I believe the way to bring out the true face of Obama is to push him on exactly this. Who does he think is to blame for the ghettos? Who does he think is to blame for poverty? Who does he think is to blame for violent crime?

Racists of any stripe are intolerable. It doesn't matter which way the arrow is pointing.

19 posted on 07/18/2011 3:55:06 PM PDT by pieceofthepuzzle
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To: radioone

LOL

So, Obama, the self titled “ constitutional expert “ thinks he can veto an proposed amendment to the constitution !?

Bu-wa-ha-haaa!!!!


20 posted on 07/18/2011 3:59:01 PM PDT by Para-Ord.45
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To: Dilbert San Diego
Obama as usual, is mis-reading the American people. Americans are in serious de-leverage mode, they have been sacrificing for the last 4 years.

The polls show that Americans want the fed govt to DE-LEVER now just as they are doing. It is not Americans who need to eat their peas (I prefer to call it the crap-sandwich) it is the fed govt that needs to eat the peas.

Here are some amazing stats on Americans and how they are saving now..

Apparently, when it comes to personal finances, Americans have been "eating their peas." Twice as many Americans are saving more money today than they did before the recession, according to a survey conducted by America's Research Group for CNBC.com.

Obama is refusing to cut spending, even at a moderate level. He is going to pay for this by losing the presidency.
21 posted on 07/18/2011 4:05:16 PM PDT by Fred (Palin/Bachmann 2012 OR Bachmann/Palin 2012......that is the ticket!!!)
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To: Fred

Really brave of him to make this declaration since the bill would never get outr of the Democrat led senate.

Think the MSM forgot to add that to the article.


22 posted on 07/18/2011 4:17:08 PM PDT by EQAndyBuzz (As long as the MSM covers for Obama, he will be above the law)
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To: RC2
About 24% of Americans that vote... love this guy and still believe he is the best president we have ever had... that everything is the fault of Bush and republicans... another 20% are just leftist rats and their evil subcultures.

LLS

23 posted on 07/18/2011 4:20:04 PM PDT by LibLieSlayer ("GIVE ME LIBERTY OR GIVE ME DEATH"! I choose LIBERTY and PALIN!)
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To: NYCslicker

If the GOP had balls, they’d be able to get a 2/3 veto override...

(and such an override would hurt Obama a lot politically speaking)


24 posted on 07/18/2011 4:20:39 PM PDT by RockinRight (If we're "teabaggers" then they're "d-baggers.")
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To: radioone
“It is interesting to note that at no point does the President have a role in the formal amendment process (though he would be free to make his opinion known). He cannot veto an amendment proposal, nor a ratification. This point is clear in Article 5, and was reaffirmed by the Supreme Court in Hollingsworth v Virginia (3 US 378 [1798])...”

The above quote preempts the president from vetoing an amendment bill to require a balanced budget. I was wondering whether additional non amendment legislation contained within the bill could be separated from it and vetoed by the Marxist.

25 posted on 07/18/2011 4:26:27 PM PDT by Enough is ENOUGH (Fabian Globalism: Environmentalism halts production, forces population into dense controllable areas)
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To: RC2
"Since the American people know what this President is up to, why is he still President?"

You're kidding right? Most of the American people watch NBC, ABC, CBS, CNN, Jon Stewart Daily Show, etc. NBC, ABC, CBS news combined get about 22 million viewers each broadcast.

Do you know what they see on those channels and what they don't show on those channels?

26 posted on 07/18/2011 4:26:32 PM PDT by avacado
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To: tobyhill

The AnointedIdiot is pulling a Clinton in that Clinton vetoed the Gingrich/Repubs budget, waited for the public to blame the Repubs, where then the Repubs were forced to capitulate to Clinton. =.=


27 posted on 07/18/2011 4:34:20 PM PDT by cranked
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To: tobyhill

What is wrong with Republicans? Just send the bill out of the house and let him veto it if it ever gets to his desk. I have never seen such a bunch of incompetent politicians in my life. Where is their fighting spirit?


28 posted on 07/18/2011 4:39:36 PM PDT by AdaGray
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To: RockinRight

“If the GOP had balls....”

.
GOP, balls? Oxymoron.

GOP, kneepads? Synonyms.


29 posted on 07/18/2011 4:42:08 PM PDT by 353FMG
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To: tobyhill
Duuuhhhhh...!

Photobucket

“CONGRESS? I DON’T NEED NO STINKIN’ WUSSIE CONGRESS! I GOT MY CZARS!! BWAHAHAHAHA…”

30 posted on 07/18/2011 4:51:22 PM PDT by Dick Bachert (The 2012 election is coming. Seems we have MORE TRASH TO REMOVE!)
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To: RC2

They elected him. The GOP failed to expose him. The GOP failed to kill Obamacare or any other big government agencies. So here we are babbling about the rate of Medicare and social security in 20 years. This is not what I signed up for.


31 posted on 07/18/2011 5:17:08 PM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: pieceofthepuzzle

We be de Big Hood?


32 posted on 07/18/2011 5:18:53 PM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: tobyhill

As I just posted elsewhere...


The Democrat-dominated Congress inherited the situation in 2007, and continued the domination of Congress for 4 years – the first 2 under a compliant Republican[1] president, and next 2 under a sympathetic Democrat. During that short time, and in contrast to promises to end deficit spending (by whatever means), the debt increased nearly 60%[2]. AFAIK, no substantive spending cuts have been passed by either chamber during this period. To the contrary, the only recurring & earnest deficit-reduction suggestion is “end the Bush tax cuts for the rich”; eliminating the deficit thru tax increase would require a 100% rate on all income over $200,000.
 
At some point the steaming bag on the desk is the current occupant’s responsibility.
Especially when a second one appears during the occupancy.
 
1 – issued 12 vetos, half of which were resolved or overridden, the rest were not significant economic differences.
2 – that’s a 60% increase in 4 years over what debt had accumulated in more than 2 centuries.


33 posted on 07/18/2011 5:21:42 PM PDT by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com/)
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To: tobyhill

Remember, Citizen:

nobama hates you, hates your family, hates Free America, hates Americans, hates the Constitution and hates the Bill of Rights. nobama is a hate crime foisted upon America. nobama is the Destrpoyer.

Everything nobama does is intentional. If only someone would bring him to justice.

God help us all.


34 posted on 07/18/2011 5:24:54 PM PDT by hal ogen (First Amendment or Reducation Camp?)
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To: tobyhill

If he vetoes it, send him a copy, which cut spending to 2007 levels, but is otherwise identical.

Repeat moving back a year each time he vetoes it or the Senate rejects it.


35 posted on 07/18/2011 5:37:55 PM PDT by The_Reader_David (And when they behead your own people in the wars which are to come, then you will know. . .)
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To: Fred
Obama as usual, is mis-reading the American people. Americans are in serious de-leverage mode, they have been sacrificing for the last 4 years.

Correct. I think there are three (maybe more) reasons for this: 1) people are in a defensive mode and want to have plenty of cash on hand because they fear losing their jobs or an economic collapse, 2) this is a backlash against Obama. People are not spending because they don't want the economy to improve while Obama is still in office, and 3) people are starving the government beast because they know that's the only way the beast will retreat.

If a Republican is elected in 2012, the wallets will open, not only on the part of individuals, but also on the part of businesses.

36 posted on 07/18/2011 5:45:10 PM PDT by randita (All we are sayin' is give peas a chance...)
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To: tobyhill

Shop ‘till you drop, and then shop some more!


37 posted on 07/18/2011 5:55:55 PM PDT by broken_arrow1 (I regret that I have but one life to give for my country - Nathan Hale "Patriot")
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Thanks tobyhill.
38 posted on 07/18/2011 6:39:01 PM PDT by SunkenCiv (Yes, as a matter of fact, it is that time again -- https://secure.freerepublic.com/donate/)
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To: tobyhill
Pass the bill. He could be bluffing, if history is any clue. (Don't call my bluff)
39 posted on 07/18/2011 6:43:41 PM PDT by justa-hairyape
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To: RockinRight

?

Maybe, but we shouldn’t even be going there.

Congress has the duty and the responsibility to restrain spending.

If democrats want to prevent a deal by trying to force Congress to spend more than it should, then no deal, and the U.S. defaults. That simple. Take a stand right here.


40 posted on 07/18/2011 7:47:37 PM PDT by NYCslicker
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To: radioone
Strike that last sentence:

Who among us think this could POSSIBLY happen?????

*************

radioone ... buddy ... that is EXACTLY what we need.

Does anybody in their right mind REALLY think the kleptocrats now in Congress can solve this Gordian Knot problem of debt-versus-spending? I sure don't. Hell, they've been ignoring the Constitution since FDR!

Instead, only We The People can set the right course. Call a Constitutional Convention, under Article V, for the purpose of making Amendments.

What's the WORST that could happen? That a full re-write of the Constitution is attempted? WELL, FINE! Let them try to get even ONE the several States to ratify that crap! Ain't gonna happen.

What's the BEST that could happen? That We The People make the needed Amendments to nail the debt problem, and the runaway Congress, to the wall. We can throw in Term Limits too, just for principles.

I say DO IT!

41 posted on 07/18/2011 8:49:10 PM PDT by DNME (With the sound of distant drums ... something wicked this way comes.)
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To: pieceofthepuzzle

I would like to clarify, my main point is that socialists like Obama main goal is to spread the misery equally...guys like Obama merely use race as a weapon to achieve this feeble goal...


42 posted on 07/18/2011 11:41:14 PM PDT by Fred (Palin/Bachmann 2012 OR Bachmann/Palin 2012......that is the ticket!!!)
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