Posted on 01/05/2013 5:21:10 PM PST by TurboZamboni
Why should he wait on Obama?
He should just go out and start spending as much money as possible himself and not worry about it. Go ahead. Nobody is stopping him. Knock himself out.
Free is when you don’t have to pay for nothing or do nothing.
>Democratic Illinois Rep. Danny K. Davis told The Daily Caller that President Obama should have the power to raise the nation’s debt ceiling without congressional approval, citing the example of President Abraham Lincoln issuing the Emancipation Proclamation as a good use of presidential authority. <
At least this Obama toady is only in the Illinois legislature as opposed to Congress. Is he that uneducated he does not understand the concept of checks and balances in our federal structure? I’d say that would be a most definite “yes”.
It was that sweetheart Anita Dunn who uttered that cra* and she slunk back into the shadows. Seems they do the most harm from behind the curtain, pull it back and there is that idiot Cass Sunsteen and his charming wife Suzanne powers et al....
Most of this country's debt is relatively short term (i.e. not ten or twenty year bonds).
Interest and debt service on the debt is one of the largest components of the federal budget (assuming we had a budget).
Interest rates could increase dramatically if rating agencies lowered the US credit rating. See what is happening in the Eurozone. The federal government has been told that debt as a percentage of gross domestic product needs to be managed and that there needs to be a sustainable plan to pay for and manage the national debt.
What this means is that if we just spend and borrow more the credit rating will go down and the cost of borrowing will skyrocket to the point that huge cuts in spending beyond anything that politician or the public will stomach. Look at the “austerity riots and protests in many Eurozone countries.”
Not really. By the time 13A went into effect, slaves remained in bondage only in KY (about 50,000) and DE (something <200). All others had previously been freed either by state action or by the Emancipation Proclamation.
The true incentive for 13A was not the relatively few remaining slaves in KY, it was the possibility (quite reasonably grounded) of a legal challenge to the legality of the Emancipation Proclamation. While Lincoln could proclaim anything he wanted, this did not of itself give the Proclamation legal and constitutional validity.
While in retrospect it seems unlikely the post-war SCOTUS would have rule the EP unconstitutional, it was a genuine concern at the time.
I think it debatable whether the EP had any direct influence on the course of the war, other than its ending the possibility of European intervention.
Until now, they've gotten away with the last 4 years by not having a budget - all those continuing resolutions did was allow them to keep adding pork and slush-fund money to the deal and cost us an extra trillion or two.
“A fool who would trade his freedom for some government cheese...”
Or his birthright for a bowl of lentil soup...nothing new under the heavens.
I would be willing to bet that a sizable percentage of the auto and bank bailouts and the “green energy” loot returned to the Obama and DNC campaigns.
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