Posted on 10/04/2013 9:11:15 AM PDT by St_Thomas_Aquinas
(I'm paraphrasing, so I highly recommend listening to the podcast, beginning about half-way through.)
In his 10/3/13 broadcast, Mark warns that, based upon Obama's inflammatory rhetoric regarding the debt ceiling, and the supposedly impending "default" on our debt, that Obama plans on acting unilaterally to over-spend the debt limit.
Mark correlates a couple of facts. The first is that Obama is harping on "default." Most pundits are reading this as a means of "talking down" the economy, in order to blame the "Republican shutdown" for a weakening economy.
But Mark believes that Obama is laying the groundwork for overspending the debt limit. Mark states that while Congress has the authority to authorize expenditures, the president can spend money regardless. (I'm paraphrasing to the best of my ability, but if someone could clarify the mechanisms involved, I'd appreciate it.)
Additionally, Obama's Treasury Secretary is harping on the fact that there is little left that he can do to pay our national debt, leaving no alternative to raising the debt ceiling.
Regardless, the point may be moot, because from what I've heard elsewhere, Boehner is already indicating that he will cave on the debt ceiling. He has stated that he is willing to violate the "Hastert rule," and bring a vote that the MAJORITY of Republicans reject.
Let him. We’ll let the demos run on that too.
“Obama’s Treasury Secretary is harping on the fact that there is little left that he can do to pay our national debt, leaving no alternative to raising the debt ceiling.”
I call BS on this. They still can cut spending. Cut out all anti-Constitutional activities: Dept of Ed, Energy, HHS, AG for starters. Then, dump the EPA completely. Dept of the Interior is a quaint notion, but the FedGov should NOT be the largest land owner in the country, no more than it should be largest employer.
Get back within the constraints of the Constitution and stop all the stupid, reckless spending.
The second hour of the Mark Levin show last night was really great on this subject. Mark is always a step ahead of what this Marxist has planned.
I don’t think most people even know what the debt limit is.
Obama is just a worm chewing up the constitution— he does not care for it to the point that he would prefer to see it destroyed, even if he gets his way on everything else.
i wonder what the mechanics of the override would be. what document would he need to sign that the federal reserve would take? he would need a number of collaborators in the federal reserve willing to overlook that he has no constitutional authority to increase the debt unilaterally, yes?
can boehner and the republicans pass a 3 month extension of the debt (3 months would get everyone past christmas) without capitulating on obamacare?
The mob will agree, “Just give us our free stuff!”
So what happens after default/collapse?
No responsible money manager or investor would ever ‘buy’ such unauthorized/illegal ‘securities’
so this is mostly more political propaganda BS
Of course, but what will they actually do? Cut spending for the cancer-stricken kids. Halt SS checks. Halt military checks, etc. And the sympathetic media will collaborate.
REVOLUTION....
As I’ve said before, if the president borrows money on his own authority alone, that is, without the authority of the people through the Congress, then the people are under no obilgation to pay it back.
And the lender should be made aware of this.
He doesn’t have to do that; Boehner has already indicated that House republicans are going to do it.
the biggest expenditures are entitlements, so i would anticipate entitlements being affected.
What if he puts his picture on the bills? Seriously, we're already in uncharted, extra-constitutional waters. After republicanism comes authoritarianism.
Not again... Bohner already said he will do it with Dem house votes. Levin is still peddling that old line.
Obama has been ignoring the debt ceiling for the past four months. I really don’t think it matters whether it is raised or not.
My employer just issued "guidance" restricting all "indirect" employees to 24 hours of time charged next week. The "indirect" people e.g. lawyers, accountants, admins that don't do work directly for a customer contract are being hacked back. Direct employees who can't perform work because their government work sites are locked out are also into the forced use of earned time off. I've been in that mode since last May. The 509 hours of earned time off is now burned to 32 hours. There isn't much blood left in the turnip to carry me or my employer through.
As you know, he's covered that by having some cabinet bureau cook the books. So he can paper this over for a while. But this just proves how close we are to Obama trying this.
i agree....despite the fact he’s been a major disappointment, Boehner was right this morning when he said there have been record receipts in revenues from taxes flowing into the federal gov’t this past year- so why spend more??
This will have to happen sooner or later, may as well be sooner.
Thinking as a responsible adult with a generation behind us to be responsible for.
I have heard way over enough of people saying, Oh, this is the end of our country, bla bla
No. It is not. We have He kids right now do not deserve to have to pay for all of this crap plus the ridiculous college debt their uninformed, unthinking parents are allowing them to take on.
Say, you are paying for college to a kid and see how fast they turn into consumers. At age 15, too.
Same with BO. Tell him he has to pay for this extraconstitutional spending with his $450 K per year, including, ad especially his personal outings.
You are correct!
You'd be surprised how many notes the House of Saud holds on mineral rich areas in the West. It's only natural that the administrator of the borrowing culture (Obama) would be a Saudi sympathizer/employee.
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