10 votes

Now Obama's talking about ignoring the debt ceiling??

Since when did these Presidents get it in their head that they are King's with absolute authority, this is truly frightening and it seems no one cares that Presidents are just deciding what rules they want to follow and which they don't.

http://news.yahoo.com/blogs/ticket/could-obama-ignore-congre...



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"Permit me to issue and control the money of a nation, and I care not who makes its laws."

- Mayer Amschel Bauer Rothschild.

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All you need to know about the NWO here:
http://www.nwosurvivalguide.com/
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WHO?

Who got the debt ceilintg raised this far in the first place?!
Take a Google break.

So what?

With articles and opinions like the following abounding, (this one from The Examiner), Ron Paul just looks like all the rest:

Congressman Paul, like every other Republican, refuses to vote to raise the debt ceiling although other Republicans would do so if they got massive spending cuts or a balanced budget amendment as part of the deal. Paul has not hinted he’d raise the debt ceiling period, and this latest remark shows his lack of concern for the national debt he helped create, or the consequences of default.

This is the most recent of many wild economic proposals to come from Republican presidential candidates. It seems like they all want to one-up the other in knee jerk proposals that would not solve the debt problem, but most likely make it worse. Bankrupting the U.S. would make things so much worse, it is laughable.

Maybe it's time that "We The People" ...

Ignore Obama !!!

Discover Costa Rica

It's time to lock Obama up.

If the legislative branch is unwilling to do its job, it's time law enforcement took care of Barack Obama. If law enforcement refuses to do its job, then it may require the citizenry to take Obama into custody for abuse of power and war crimes.

ytc's picture

I guess Obm can find more Kohs and Yoos to write up

any convenient legal opinions to justify his needs to have more money printed to pay his bankers, military & union sponsors/friends/puppet masters, but as Ron Johnson writes below, NATURAL law of gravity will have its way.

The facade of the invincible mighty dictator Obm will crumble from its own dead weight and rotten timbers.

I have a feeling that it started with Nixon when he said...

something to the effect that, "Well, when the president does it that means that it is not illegal." It didn't exactly work out for him, but it sure got the ball rolling! Barry S is pimping Nixon's unconstitutional statement/BS to the hilt!

Troops Won't Be Paid

Obama will just stop paying the troops, blame it on the Republicans, and the Republicans will fold and raise the debt ceiling. The script was written months ago.

"debt ceiling" is a hoax.

Stop repeating the phrase..its fabricated. Congress just wants to pretend that the monopoly money matters.Once again, temporary little bandaids. They want to trick america into thinking that the "debt ceiling" being breached is the reason the USD will tank. What they won't tell you is that the USD is a world currency and it is inflated without u.s. permission...and used to bail out other nations debt...therefore debasing the U.S. currency.The truth is way bigger than the phrase "debt ceiling"......

Debt Ceiling= strawman

in addition

debt ceiling is a euphamism for BORROW MORE to pay down what we BORROWED in the beginning.

the only people it benefits is the lenders, which is why it is being pushed.

in fact, if we defaulted and went into bankcruptcy as a nation, those poor saps would start feeling what many of us have felt for a few years now.

and that, my friends, is what is at risk: their prosperity, not ours.

I'm glad you said that.

And you're right. The debt ceiling is a hoax.

http://www.dailypaul.com/166792/how-the-debt-ceiling-issue-w...

But as America inches toward its debt limit, bond rates start going up.
And the interest rates on our car loans, our mortgage loans, our student loans, and our credit cards, to name a few, are tied to bond rates. So if bond rates increase, the interest rates on our personal debt also go up.
And, as if increased taxes and higher interest rates aren't bad enough, we could also see increases in the cost of living, and decreases in the value of the dollar.
More:
http://m.aol.com/dailyfinance/default/articleStory.do?catego....

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"Stand up for what you believe in. Even if you stand alone."
~ Sophie Magdalena Scholl
"Let it not be said that we did nothing."
~ Ron Paul
"You must be the change you want to see in the world."
~ Mahatma Gandhi

"debt limit"..what an oxymoron

The only "debt" "limit" that exists is how much BULLSHIAT we will accept from the federal reserve and IMF.There is no such thing as "debt" "limit"..when they can buy whole nations and control the dictators and the local police.

But the fact remains...

even though the debt ceiling is a hoax and we are using monopoly money...
this hoax will still raise our taxes and our cost of living - which is a very real problem.

So whether the whole system collapses or not, we're all about to become poorer... again, aren't we?

This looks like a lose - lose situation to me. Or maybe I'm just confused. I'm no economist, after all.

-
"Stand up for what you believe in. Even if you stand alone."
~ Sophie Magdalena Scholl
"Let it not be said that we did nothing."
~ Ron Paul
"You must be the change you want to see in the world."
~ Mahatma Gandhi

Bush and Obama as Tiberius and Gaius Gracchus

"The late Republic saw a decline in the senate's power, which began following the reforms of the tribunes Tiberius and Gaius Gracchus." -wikipedia on the transition of power from the Senate to the executive branch during the Roman Empire.

fool

"...fool me once, shame on — [pauses] — shame on you. Fool me — [pauses] — You can't get fooled again." -W.

http://www.youtube.com/watch?v=eKgPY1adc0A

"The world is a dynamic mess of jiggling things, if you look at it right." - Richard Feynman

We need Dr. Paul!

We need Dr. Paul!

I contributed my comment to

I contributed my comment to the almost 5000 that the article has spawned:

The "experts" who say Obama can ignore the law use an argument that does not pass the guffaw test. The Constitution says debts incurred by the US in accordance with the law cannot be questioned. They reach the conclusion that Obama should therefore break the law because honoring the debt before paying other expenses would be inconvenient. The "experts" have it backwards. The Constitution, by the legal principle that the exception proves the rule, indicates that those new, illegally issued ObamaBonds would not be binding on the US.

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

The original article is pure stupidty and is an example of what

happens when people can't read or think.

The debt is valid.

Congress not raising the debt ceiling does nothing in the way of questioning the PRESENTLY OWED debt.

Congress not raising the debt ceiling does not in anyway hamper, hinder, or prevent the President or the Secretary of the Treasury (or more aptly, the comptroller of the currency) to PAY the presently owed debt, as it becomes due.

Read that again.

ALL THAT IS GOING TO HAPPEN, is that the President (via Treasury) cannot take on NEW DEBT to pay the present debt.

THAT IS ALL.

It means, that the debt must be paid, but we can't borrow MORE in order to do it. (if that borrowing would put us over the aggregate limit in the law.)

The President has ZERO authority to "borrow Money on the Credit of the United States." That power is specifically delegated to Congress.

So, the President does have to pay the debt. He can't pick and choose. He has to pay it. This means he can't spend a DIME on ANYTHING ELSE, unless he has cash flow left over after meeting current payments due on that debt. Then and only then, can he spend money on anything else.

It means he'd actually have to PAY DOWN the debt, and then we'll have enough government that fits into the left overs, rather than a spiraling out of control debt with no end in sight.

Whomever wrote this article, and whomever is in the White House offering this advice is a complete idiot. Plain as day.

Ya, but see? They say they do

Ya, but see? They say they do not have the money to pay the things. They want to borrow to pay the bills instead of shutting down departments and paying those people unemployment which would be less than half their salaries and make it work. They want to keep our troops buying munitions and shelter and can NOT do any of it without borrowing money. WELL FIND a WAY. CUT SPENDING..and do not think to raise OUR TAXES for your fiduciary idiocity!

They likely would.

I mean, that's the only way to save the world from imploding, right?

nothing will change

Up Until We Create It:
http://www.youtube.com/watch?v=kEvE_04x-xI

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sometimes LL can suck & sometimes LL rocks!
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Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Obama is just too egotistical to have his name attached to a

national bankruptcy crisis. It would have the appearance to have been created by him, but in fact started probably around the time Nixon killed the Gold Standard.

Obama would want this all to fall on the next elected President.

He does not have the guts to do whats right, educate the people and allow America to bankrupt and end the Federal Reserve.

Amazing

The words of the 14th Amendment certainly seem to guarantee that all current programs, lawfully passed by Congress, will be funded irregardless of any self-imposed debt ceiling.

Obama might think he just discovered the politician's Holy Grail, but what he has found is Pandora's Box.
Nothing but destruction of the currency, the economy, and the country can come from it, because there will be no limits on any congressman's (or President's) wildest wishes...they WILL be funded. The money WILL be printed. If Congress wants to stop the runaway spending, they will have to defund programs one at a time. The politics of defunding make that very unlikely.

Yet I still think the argument has crossed over into the absurd. By stamping his little feet and declaring that it is UNCONSTITUTIONAL to default, the President is ignoring the fact that we ARE defaulting through money creation. Default is not a choice...it is an arithmetical certainty. Winning the political fight over the debt ceiling isn't going to change that. Gravity will have its' way.

'regardless' = without regard. 'irregardless' is a double

negative essentially meaning "with regard."

And technically, "irregardless" is not a word.

Yes and no

I'm with you on the double negative. Mea Culpa.

I differ on whether or not it is a word. There is no authority to make such declaration.

Language regularly mutates

Language regularly mutates from original meanings to fit their times.

Making new words

And that is true anirregardlessly of whether a word has been legitified in a dictionary or not (or more commonly known as being dictionarified).

Let it not be said that we did nothing.-Ron Paul
Stand up for what you believe in, even if you stand alone.-Sophia Magdalena Scholl

While I disagree with him, I

While I disagree with him, I like the fact that he is referring to the consitutiton while making the argument. The 14th amendment dictates that debt must be paid. If a debt ceiling prevents the debt from getting paid, then the debt "ceiling" is illegal.

Basically, the constitution does not allow anyone to stop the US from defaulting on the debt. The implications of that are not clear cut.

Ultimately, the Republican party in general has little to stand on when it comes to not raising the debt limit. Ron Paul himself voted for 3 trillion+ in tax cuts (the Bush tax cuts) that have contributed to our national debt. Most of the current debt comes from Reagan and GWB, including federal reserve purchases which outside of QE2 started under Bush the second and only just completed under Obama.

By that, I mean, that the reason we have a debt is mostly due to "Republican" policy. The wars (2.3 trillion and counting), the increased military spending (about 1.5 trillion on top of that and counting), DHS (about 400 billion and counting), Medicare part D (100 billion and counting), no Child left behind, the Bush tax cuts (3 trillion and counting), etc. comprise a huge part of the national debt. Since Clinton, when the budget was balanced and the CBO predicted 10 years of a modest budget surplus, the only major Democratic spending initiatives have been the 600 billion dollar stimulus, the ~400 billion or so expansion of welfare past paid welfare, and the 900 billion in tax cuts which they endorsed in the stimulus and in the expansion of the Bush tax cuts. You can arguably include Bush-era policies that Obama and the Democrats have suddenly endorsed like the DHS and the wars.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

The debt celing does NOT prevent the debt from being paid.

It prevents the taking on of NEW debt if doing so pushes us over the limit.

The President simply will not be able to issue NEW debt to pay OLD debt. He'll just actually have to pay the old debt outright.

This will of course, decrease the money available for his pet social programs, or anything else in government for that matter. He and the other commies in government in both parties, know full well that if this happens, then anything absolutely non-essential - meaning general government and a shadow version of the defense department are on the chopping block if there is not enough cash flow to do it all.

Dr. No if I can add, what

Dr. No if I can add, what irks me about more than anything tho is that Obama (and most presidents) only cite the constitution when it works for them, otherwise it's a old piece of paper with no relevance in today's world.

RP: "My first name is Ron and my last name is Paul"

SP: "Wow, you have two first names. Nobody is going to elect 'Ricky Bobby' for President."

RP: "Do you care about anything important?"

SP:"One time I killed a moose and took a picture with it."