3 votes

"If all else fails, Obama will raise debt ceiling himself"

What do you think of this, guys?

Spied on Marketwatch

If Congress fails to raise the debt limit by Oct. 17, could President Barack Obama step in and raise the ceiling by executive action?

Greg Valliere, chief political strategist for Potomac Research Group, says Obama would do so, if faced with the prospect of a certain default on paying the nation’s creditors.

“I am not flat out saying that [executive fiat] is the end game, but it has to be on the table if a default looks imminent,” Valliere said in an interview with MarketWatch.

During the last debt ceiling showdown in the summer of 2011, there were scholars and senators who suggested Obama did have such a silver bullet — the 14th Amendment to the Constitution.

None other than former President Bill Clinton agreed.

In an interview with The New York Times in 2011, Clinton said Obama should invoke the 14th Amendment “without hesitation” to raise the debt ceiling and “force the courts to stop me.”

Continued...
http://blogs.marketwatch.com/capitolreport/2013/09/25/if-all...



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Yea...

but the real power is in the hands of the people and I am sure this action would result in a mass call for impeachment.

Sigh

Here we go again. It's the same old thing. The exact same thing happened at the last debt ceiling crisis.

The president does NOT have that authority. Judge Napolitano explained it succinctly (as usual). The argument is over Section 4 of the 14th which says "The validity of the public debt ... shall not be questioned".

The president tries to argue that the Constitution mandates debts be honored, and that therefore he could unilaterally pay them, ie raise the debt ceiling. That's not correct.

That section was written so that States coming back into the Union agreed to honor costs incurred fighting the Civil War. It does NOT give the president any power of the purse. That STILL only resides with congress. I'll try to find the video.

Here is the video

scawarren's picture

Okay just reread the 14th but

Okay just reread the 14th but I still don't see how it changes the fact that Congress controls the purse strings. Am I missing something or are they just trying to pull another fast one?

It is easier to fool people than to convince them that they have been fooled. – Mark Twain
Real patriotism is a willingness to challenge the government when it's wrong. - Ron Paul