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Pelosi: Obama Should Raise Debt Limit Directly, Go Around Congress
TPM ^ | 6-20-12 | Brian Beutler

Posted on 06/20/2012 10:10:19 PM PDT by tcrlaf

House Minority Leader Nancy Pelosi has changed her public position on an issue that divided Democrats during the fight over raising the debt ceiling last summer.

She now says that President Obama should use the 14th Amendment to raise the debt ceiling by fiat — to preserve the country’s credit rating and avoid another economically harmful brinksmanship over the country’s borrowing limit.

“I would like to see the constitution used to protect the country’s full faith and credit,” she told a handful of columnists at a roundtable. According to Matt Yglesias, “She didn’t offer a legal argument in favor of the position, but argued on policy grounds that ‘you cannot put the country through the uncertainty’ again, noting that America’s sovereign debt was downgraded by ratings agencies in the wake of the standoff even though it was successful resolved.”

“This isn’t just about credit ratings,” she added. “It’s about the dynamism of our economy.”

(Excerpt) Read more at tpmdc.talkingpointsmemo.com ...


TOPICS: Front Page News; Government; News/Current Events; Politics/Elections; US: California
KEYWORDS: 14thamendment; 2012; botoxposioning; california; corruption; debt; debtceiling; debtlimit; democrats; dictatorship; liberalfascism; madambotox; madness; nancypelosi; obama; pelosi; presidentdowngrade
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She's 'Evolved' on totalitarianism, it seems...

Ask every Obama voter you know. "Is this REALLY the Hopey-Changey Thingy you thought you were voting for in 2008?"

On Election Night, 2008, I noted that "This is how Democracy dies. Not with a whimper, but to wild and thunderous applause."

Damn, I HATE always being right about this crap.

1 posted on 06/20/2012 10:10:30 PM PDT by tcrlaf
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To: tcrlaf

Maggot.


2 posted on 06/20/2012 10:15:26 PM PDT by karnage
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To: tcrlaf

She’s ‘Evolved’ on totalitarianism, it seems...
Ask every Obama voter you know. “Is this REALLY the Hopey-Changey Thingy you thought you were voting for in 2008?”

On Election Night, 2008, I noted that “This is how Democracy dies. Not with a whimper, but to wild and thunderous applause.”

>>>>>Damn, I HATE always being right about this crap.<<<<


You were/are exactly right.


3 posted on 06/20/2012 10:20:36 PM PDT by unkus
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To: tcrlaf

This evil woman is a stress on the soul of mankind.

How is her wicked mind remotely connected to this country or any regard for Americans, their Constitution, freedom and liberty, free market, supply and demand of capitalism?

This awful woman is an enemy of the state, a clear and present danger and in high office. California needs to be impeached.

God, help us.


4 posted on 06/20/2012 10:23:11 PM PDT by RitaOK (NO ROMNEY, NO COMPROMISE. NO WAY. NO HOW. NOT NOW. NOT EVER.)
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To: RitaOK

This awful woman is an enemy of the state, a clear and present danger and in high office. California needs to be impeached.


But she swears she’s a good Catholic./s

Pelosi is as despicable as they come.


5 posted on 06/20/2012 10:27:08 PM PDT by unkus
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To: tcrlaf

Please, Dear God, tell me there’s some way Issa can tie her to Holder’s F&F, and barring that at least get a Court Order to have Federal Marshals stuff a sock in her mouth.


6 posted on 06/20/2012 10:30:21 PM PDT by To-Whose-Benefit? (It is Error alone which needs the support of Government. The Truth can stand by itself.)
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To: unkus

There are MANY of them (despicable)....this has been brewing for years....


7 posted on 06/20/2012 10:31:28 PM PDT by goodnesswins (What has happened to America?)
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To: tcrlaf
Nana is as batty as an outhouse rat.


8 posted on 06/20/2012 10:34:14 PM PDT by Iron Munro (John Adams: 'Two ways to enslave a country. One is by the sword, the other is by debt')
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Comment #9 Removed by Moderator

To: tcrlaf

Why not? The democrats know they can get away with it. We didn’t think they would stop at Libya or gay marriage or the new Amnesty EO, did we?


10 posted on 06/20/2012 10:34:56 PM PDT by tsowellfan (Should Obama recuse himself from making any decisions on immigration?)
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To: tcrlaf

14th amendment? Is he a former slave or Indian? /s


11 posted on 06/20/2012 10:36:08 PM PDT by Vendome (Don't take life so seriously, you won't live thnrough it anyway)
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To: RitaOK
Sadly, Nancy Pelosi is no longer the BIG elephanr in the room. It is they who allowed all the past by-passes of Congress go without resistence.

John Boehner is the BIG elephant in the room.

12 posted on 06/20/2012 10:37:34 PM PDT by tsowellfan (Should Obama recuse himself from making any decisions on immigration?)
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To: Vendome

How? The argument runs that Section 4 authorizes it.

Section 4. The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.

Validity of the public debt.

Funny how the only way they want to use the Constitution is to destroy what it’s there to protect.


13 posted on 06/20/2012 10:45:53 PM PDT by To-Whose-Benefit? (It is Error alone which needs the support of Government. The Truth can stand by itself.)
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To: tcrlaf

How was the debt crisis successfully resolved, again, Nancy?


14 posted on 06/20/2012 10:46:07 PM PDT by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: RitaOK

She will go down so hard and fast once Satan is done with her.


15 posted on 06/20/2012 10:47:02 PM PDT by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: tsowellfan

Boner is the big, scared, weepy elephant in the room.


16 posted on 06/20/2012 10:48:08 PM PDT by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: tcrlaf

“...raise the debt ceiling by fiat — to preserve the country’s credit rating....”

####

Unspeakably ignorant, economic idiocy.


17 posted on 06/20/2012 10:49:11 PM PDT by EyeGuy (Armed, judgmental, fiscally responsible heterosexual.)
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To: tcrlaf

She’s begging Obama to take total control of the government and rule by decree.

This is treason. Utter, contemptible, bald-faced treason.


18 posted on 06/20/2012 10:52:59 PM PDT by Ronin (Dumb, dependent and Democrat is no way to go through life - Rep. L. Gohmert, Tex)
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To: tcrlaf

Damn, I HATE always being right about this crap.
= = = = = = = = = = = = = = = = = = = = = = = = = = = = =
Very true. But ‘they’ would never believe that there are many things one would just as soon be wrong about, and the BO situation is definitely one of them.

Don’t know if you had seen good ‘explanation’ for the mis/uninformed inre ‘debt ceiling’.

You are at work and get a call from your wife that the sewer line broke and waste is seeping into the basement and getting worse.
You get home and the room is about 3/4 full of sewage etc and you must make a decision.

Do you call a plumber and house restorer and pump it out and rebuild or a structural engineer to come and jack the house up so more crap can be stored there?


19 posted on 06/20/2012 10:55:08 PM PDT by xrmusn (6/98 Let's start from scratch by voting ALL incumbents out.)
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To: tcrlaf; TheOldLady; WildHighlander57; netmilsmom; tomdavidd; Freeper; Gvl_M3; Flotsam_Jetsome; ...
Image and video hosting by TinyPic

.

20 posted on 06/20/2012 10:56:41 PM PDT by LucyT
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To: tcrlaf

This kind of cr@p is how dictatorships happen. Not “obama is signing unconstitutional orders” dictatorships, but “you insulted dear leader, your family has been killed” dictatorships...


21 posted on 06/20/2012 11:11:35 PM PDT by piytar (The predator-class is furious that their prey are shooting back.)
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To: tsowellfan

I pray to God that we get decent and real conservatives down ticket to boot and hopefully banish Boehner, McConnell and Cantor from leadership.

They are more than an embarrassment, they are complicit in the enabling communists, and by now our restoration is irretrievable, but we are obligated to try.

I am having to remind myself that this is truly a spiritual battle, not one of flesh and blood. This truth explains so much as to why we humans are striving but punching the air, forgetting that man has an Enemy who is only overcome on our knees in repentance. These listless, hapless, sleepy and foolish representatives of ours are the tools, I fear, of the principalities, as if God has turned us over to ourselves.


22 posted on 06/20/2012 11:15:02 PM PDT by RitaOK (NO ROMNEY, NO COMPROMISE. NO WAY. NO HOW. NOT NOW. NOT EVER.)
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To: tsowellfan
Why not? The democrats know they can get away with it. We didn’t think they would stop at Libya or gay marriage or the new Amnesty EO, did we?

When the opposing party doesn't have more than one pair (Issa) between all 241 of them, then you understand why we have entered the extr-Constitutional era. We are indeed evolving (into a dictatorship).
23 posted on 06/20/2012 11:17:02 PM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: tcrlaf
I believe the Tea Party is only growing in size, and that it will become increasingly influential. If the Tea Party were to state to the nation's lenders that it supported a policy of shifting all future debt to the personal bank accounts of the US leaders who incurred that debt, then those lenders would have to take that as a serious future possibility.

The results might be that, even if the credit limit were raised, there would be no lenders willing to provide funding.

Effectively the Tea Party would be stating a policy of repudiating all debt incurred in the future.

24 posted on 06/20/2012 11:19:45 PM PDT by The Duke
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To: tcrlaf

Once again I had to double check and make sure this wasn’t satire. Sad, sad, sad.


25 posted on 06/20/2012 11:20:02 PM PDT by Terry Mross (To My Liberal Kinfolk: Don't call, email or write until you've gotten your brain fixed.)
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To: Ronin

This is straight out of the Hitlarian PlayBook.
Declare crisis, urge unconstitutional action
in the name of dynamism, grant unlimited powers.
The only thing she doesn’t have is a snappy uniform.

By God, these monsters cannot have another four
years to put their hideous plan into fruition,
the consequences of any further slide to a totalitarian
regime on such a scale and with the help of computer
power is beyond horror.


26 posted on 06/20/2012 11:33:11 PM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: To-Whose-Benefit?

Wouldn’t Section 4 be more reasonably interpreted to mean the government is constitutionally obligated to pay on the debt? In other words, other non-essential (not constitutionally mandated) programs would have to be sacrificed, if necessary, to continue servicing the debt? It seems to me the founders simply wanted to ensure the debt wasn’t written off by a political majority.


27 posted on 06/20/2012 11:35:26 PM PDT by CitizenUSA (Why celebrate evil? Evil is easy. Good is the goal worth striving for.)
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To: tet68

The quirky, freaky thing is that Pelosi and Reid are both on record now as imploring Obama to vitiate their own positions and authority.

Now, I am 53 years old now, and I seem to remember a few times in the past when members of both house of Congress would stand together against a President who attempted to intrude on their turf.

Party loyalty be hanged, their own power, position and prerogatives had to be vigorously defended.

Not anymore. Not the current crop anyhow. It’s becoming rapidly apparent that Senate and House Democrats are fully willing to rip up the Constitution completely and impose a one party state by giving Obama carte blanche.


28 posted on 06/20/2012 11:56:29 PM PDT by Ronin (Dumb, dependent and Democrat is no way to go through life - Rep. L. Gohmert, Tex)
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To: CitizenUSA

Absolutely.

The validity of the public debt, shall not be questioned.

In today speak? Don’t even Think we’re going to welch on the public debt. The US Shall Be good for it, period, ‘cause Nobody would have any faith at all in our Govt or private affairs if Congress just said, poof, all gone, yeah, we borrowed all that money from you but sorry, you’re outta luck.

The Constitution is a written document and as such its meaning doesn’t change, no matter how idiots like Nancy, Harry and Barry try to torture it.


29 posted on 06/20/2012 11:56:46 PM PDT by To-Whose-Benefit? (It is Error alone which needs the support of Government. The Truth can stand by itself.)
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To: CitizenUSA

14th was 1868. Uncle Sam spent a bundle on the war between the States and the South needed faith in DC and stable money if it was going to rebuild.

It was decidedly a promise to all parties concerned that they could trust Congress not to short sheet them.


30 posted on 06/21/2012 12:02:20 AM PDT by To-Whose-Benefit? (It is Error alone which needs the support of Government. The Truth can stand by itself.)
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To: tcrlaf

31 posted on 06/21/2012 12:08:26 AM PDT by 2ndDivisionVet (Ich habe keinen Konig aber Gott)
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To: tsowellfan
Sadly, Nancy Pelosi is no longer the BIG elephanr in the room.
But she is still one of the biggest jackjenny asses.


32 posted on 06/21/2012 12:29:35 AM PDT by ApplegateRanch (Love me, love my guns!©)
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To: Secret Agent Man
She will go down so hard and fast once Satan is done with her."

So you're saying she'll go all the way down?
Sorry, couldn't resist.

33 posted on 06/21/2012 12:55:24 AM PDT by Flotsam_Jetsome (If not you, who? If not now, when?)
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To: LucyT

Muchos Domos for the Ping.


34 posted on 06/21/2012 12:56:18 AM PDT by Flotsam_Jetsome (If not you, who? If not now, when?)
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To: tcrlaf

When is somebody going to arrest this nasty Nazi b*tch?!


35 posted on 06/21/2012 12:58:14 AM PDT by FlingWingFlyer (64% of Americans support amnesty and find the Wet DREAM Act "a big hit!" - New Bloomberg Poll)
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To: tcrlaf

Oh that bothersome Constitution. It just keeps getting in the way of the Liberals who are trying to save us from it.


36 posted on 06/21/2012 1:30:13 AM PDT by itzmygun (Oust the tyrant)
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To: unkus
Pelosi is as despicable as they come.

Richest person in Congress as well. Who said crime doesn’t pay?

37 posted on 06/21/2012 1:34:23 AM PDT by itsahoot (About that Coup d'état we had in 08, anyone worried yet?)
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To: Ronin
This is treason. Utter, contemptible, bald-faced treason.

None Dare Call it Treason.

38 posted on 06/21/2012 1:38:17 AM PDT by itsahoot (About that Coup d'état we had in 08, anyone worried yet?)
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To: tcrlaf

This Pelosi is the same simpleton who thinks every $1 of food stamps returns $1.75 to the economy.
Is it any surprise columnists from the Democrat “mainstream” newsrooms love to attend her “roundtables”?


39 posted on 06/21/2012 1:42:15 AM PDT by Lancey Howard
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To: itsahoot
Richest person in Congress as well. Who said crime doesn’t pay?

I think her family got most of its vast wealth running the Baltimore mob.

40 posted on 06/21/2012 1:45:05 AM PDT by Lancey Howard
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To: Ronin
It’s becoming rapidly apparent that Senate and House Democrats are fully willing to rip up the Constitution completely and impose a one party state by giving Obama carte blanche.

The democrats never stand up to their own, but were willing to take all the help they could get when bringing down Nixon. James Baker was more Democrat than Republican.

None of this could happen without the help of some powerful Republicans. Mark my words the Supreme Court will issue some very bad decisions soon.

41 posted on 06/21/2012 1:47:10 AM PDT by itsahoot (About that Coup d'état we had in 08, anyone worried yet?)
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To: To-Whose-Benefit?

Good catch! I should have written “authors” instead of founders.


42 posted on 06/21/2012 2:26:00 AM PDT by CitizenUSA (Why celebrate evil? Evil is easy. Good is the goal worth striving for.)
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To: tcrlaf

She has evolved as predicted, she’s at Stage Seven Dementia.


43 posted on 06/21/2012 2:31:28 AM PDT by maddog55 (OBAMA: Why stupid people shouldn't vote.)
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To: itsahoot

Bad for whom? Us or the Dems? If you say bad for us, I am afraid you might be right. Everyone seems to be convinced that the Supremes are going to trash Obamacare and the Arizona law — I’m less convinced.

I think the Arizona law may survive, but my gut feeling on Obamacare is that they are not going to strike down the mandate. I am not sure how they will justify it, but they won’t.

I do, however, expect a very strongly worded dissent from Justice Scalia.


44 posted on 06/21/2012 2:33:40 AM PDT by Ronin (Dumb, dependent and Democrat is no way to go through life - Rep. L. Gohmert, Tex)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks tcrlaf.
She now says that President Obama should use the 14th Amendment to raise the debt ceiling by fiat...

45 posted on 06/21/2012 3:27:04 AM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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Thanks Vintage Freeper for posting this:

Debt Ceiling Debate in a Nutshell | Creators.com | 07/29/2011 | Chip Bok | Posted on 07/30/2011 12:12:11 PM PDT by Vintage Freeper

46 posted on 06/21/2012 3:28:05 AM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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And thanks again, ErnestattheBeach:
47 posted on 06/21/2012 3:31:50 AM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: To-Whose-Benefit?
Section 5. The Congress shall have power to enforce, by appropriate legislation, the provisions of this article.

It's a shame Princess Pelosi did not read how Section 4 is to be enforced.

48 posted on 06/21/2012 3:32:01 AM PDT by Pollster1 (A boy becomes a man when a man is needed - John Steinbeck)
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To: tcrlaf

..brain dead scare crow


49 posted on 06/21/2012 3:41:55 AM PDT by Doogle (((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated)))
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To: tcrlaf

50 posted on 06/21/2012 3:47:42 AM PDT by Doogle (((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated)))
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