Skip to comments.U.S. Can't Afford Obama's No-Debt-Limit Credit Card
Posted on 12/06/2012 4:10:53 PM PST by raptor22Edited on 12/06/2012 4:12:32 PM PST by Admin Moderator. [history]
Fiscal Policy: The president tells business leaders he wants to do away with Congress when it comes to raising the country's legal debt limit and be able to do it all by himself.
It was on display again Wednesday, when President Obama told CEOs at the Business Roundtable he is no longer playing the debt ceiling "game" of agreeing to raise the limit in exchange for administration concessions on spending and taxes.
(Excerpt) Read more at news.investors.com ...
Among other things Obama is financially illiterate, just asking for unlimited authority to borrow is proof.
He be da Messiah
He be doin anything he wants to do.
WTF does the House have to do with what he be spendin.
He be spendin anything he wants and what we gonna do about it.
He’s not financially illiterate; he knows exactly what he’s doing.
He’s not borrowing.....We are the only ones buying at auction. It’s called printing.
That's true. He is actually stealing from the anyone who has a dollar in their pocket.
Yep...we are getting had.
What a stupid statement.
This is completely un-USConstitutional. This title implies someone Rush or other doesn’t know what the root issue is.
USG doesn’t have a USC right to create unlimited debt.
Executive doesn’t have any right to create debt, legislature _is_ the power of the purse.
Please wake up, someone...
The one trump card the Republicans have is to refuse to raise the debt ceiling. Give Obama anything he wants, except DO NOT RAISE THE DEBT CEILING. Let’s see Obama try to lead his way out of that one.
Neither Obama nor Harry Reid have shown any respect for the Constitution. To exercise the power of the purse responsibly requires some backbone and so far John Boehner hasn’t shown any.
That is the wish of a TYRANT!
Law 8involving Congressional control of the debt limit has been in place since 1917.
Obama doesn’t care—he is like a shopaholic spouse who wants more and more credit cards with higher and higher limits.
If this Congress doesn’t put a stop to him, there will be no more USA.
Democrats want to loot the country for the benefit of their supporters. They have the power to do the looting. If we play alone with them their big brother muscle - the MSM - will tag us with blame for the whole mess. We also can't stop them from looting the country - they have the power.
There are ways to walk away... we need to find those ways.