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.
I would go further than that.Most people don’t know what the Constitution is and they don’t exercise their rights. They won’t notice when those rights are gone.
“In Alluh We Trust?”
He can try but who will listen?
Per the 14th Amendment the debt, pensions and defense have to be paid. Whatever’s left can go to all the other govt. spending. The Treasury even maintains and makes debt payments on a separate computer system from the one which makes other Treasury payments.
And should the debt somehow not get paid, interest rates explode.
All these scenarios cost the Administration and Dems much more than Repubs.
Libs are in full bluff and bluster mode on this. Let’s hope conservatives and our Reps don’t fall for it.
Yeah. They can cut expenditures, but neither path (debt default or refusal to increase the debt limit) is responsible governance. Do you seriously want President Obama determining what gets cut in order to balance the budget overnight? Congress has an obligation to fix this by voting for a budget. That has to include raising the debt ceiling.
You might not care if government balances the budget overnight, but that will likely cause economic chaos on a grand scale. The deficit alone is something like 6% of GDP. We’re either in a recession or near recession right now (depending on who you talk to). Remove 6% from an economy that’s maybe growing 1%, especially without an ordered process to do so, and you could very well cause the economy to spiral down.
Government needs to be reduced of course, and I even bet most Americans will even support that. But it has to be done smartly. Simple refusal to increase the debt limit is not governance. That’s probably why Speaker Boehner will join with Democrats, if necessary, to prevent that, and please keep in mind that this is a separate issue from the CR to fund Obamacare.
Again, what we really need is a budget. The Democrats are holding the nation hostage. Stand firm on what gets funded, but don’t refuse to increase the debt limit.
The bottom line here is that the Fed continues to dump $85 billion per month into Treasury Dept. coffers. And Congress has shown zero willingness to do anything to stop it. The Fed action technically does not add to the debt since there is zero expectation that this money will be paid back.
But it does steal from American pockets by diminishing the value of the money already there. Each time you visit the grocery store and wonder why bananas have gone to 75¢/lb when that price had remained at 49¢/lb for two decades, you will then realize that your pocket has been picked, value from your wallet has been stolen, and that value has been handed over to the person standing in front of you in the check-out line with the EBT card in hand.
Wow! Did he really rake in that much money for the advance of his next book (written by someone else)? Impressive.
Why extend it? Let them run on receipts. Voila, a balanced budget!
If the governmetn wants more money it can improve the economy! Reopen the coal plants, roll back the EPA, cut taxes, reduce regulatory burdens, etc.
If the debt isn’t raised whose going to get hurt the most? The administration and the Dems. Their policies are parasitic. They’re broken. THEY DON’T WORK. So why are conservatives worried about helping Dems and their constituents?
Seriously!
Conservatives need to start asking the media “Is Obamacare really worth all this?”
Congress has given up so much of its power and duties, that this might as well go too, if they don’t fight for it
I wouldn’t buy any gov’t debt that was issued under those circumstances. Congress should make it clear that the US is under no obligation to honor such fraudulently issued paper.
Last night someone on the Fox News panel said that Obama plans to “re-order” the relationship between the Legislative and Executive branches.
It all fits.
Why does he need to? He apparently has an endless supply of cash to spread around just recently giving $445 million to Pubic Broadcasting.
Yet our national parks and monuments are off limits to Americans
U.S. Taxpayers to Pay for Spread of Turkish, Qatar Islamism
http://m.clarionproject.org/analysis/us-taxpayers-pay-spread-turkish-qatar-islamism
“re-order the relationship between the Ligislative and Executive branches”?
How will he do that? By EO? Will he dissolve the House like Czar Nicholas dissolved the Duma?
You cannot legally or Constitutionally do it. Try it f***bag. Create a 1776 moment.
Try it you kenyan bastard and you will go the way of dictators.
-— Last night someone on the Fox News panel said that Obama plans to “re-order” the relationship between the Legislative and Executive branches -—
Fundamental transformation. Who knew, except for all of us?
Who knows, civil war maybe? When the welfare pimps don't get their welfare checks, they will riot. Be ready for them.
Boehner will fold before the 17th. His last offer of obamacare fully funded with a year delay of the mandate and no Congressional exemption was a joke.
Boehner still refuses to use GOP party/donor machinery to directly engage obama regarding the false bill of goods obama sold to the American people. Where is the amnesty style carpet bomb TV ads? Where are the specific rebuttals of the debt threats by the kenyan?
The Cryer and Mumbles McConnell will cave. They want no part of a constitutional crisis with a black marxist prezzy in the WH.
Bookmark
Excellent point!
Watching Special Report on Fox last night there was an interesting comment by AB Stoddard.
At the end of the program, Stoddard mentions Obama changing how the government works – “re-order the power between the branches”.
http://www.foxnews.com/on-air/special-report-bret-baier/videos#p/86927/v/2717564577001
Using a search, I could not find anything on the particular phrase that Stoddard said, but I did find a new executive order which at first glance appears to be amending several other executive orders.
For Immediate Release
September 30, 2013
Executive Order — Continuance of Certain Federal Advisory Committees
http://www.freerepublic.com/focus/f-bloggers/3074711/posts?page=61#61
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