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Author Topic: Here's a question for you . . .  (Read 2917 times)

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Offline BlueStateSaint

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Here's a question for you . . .
« on: May 17, 2011, 02:32:34 PM »
I've been thinking about the debt limit debate, especially with the "Gangster Government" that is currently in the Executive Branch.  What if the Obamessiah just ignored the debt limit, and told the Treasury to continue to issue new debt, and just carried on?  Who would stop them?

The reason why I ask this is spurred on by something unrelated--the denial of FEMA aid to Virginia and Texas, two states whose governors have been against Teh Wun and all of his stuff lately (perfectly justified, and the right thing to do, I might add).
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Offline CatholicCrusader

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Re: Here's a question for you . . .
« Reply #1 on: May 17, 2011, 02:48:40 PM »
Quote from: BlueStateSaint on May 17, 2011, 02:32:34 PM
.......What if the Obamessiah just ignored the debt limit, and told the Treasury to continue to issue new debt, and just carried on?  Who would stop them?.......

Becuase despite Obama's flaunting of the Constitution on many occasions, he can't get around the fact that Congress controls the purse strings.

Even if he were able to pull such a stunt, not even Democrats in Congress would appropriate any ill-gotten funds
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Offline DumbAss Tanker

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Re: Here's a question for you . . .
« Reply #2 on: May 18, 2011, 11:45:45 AM »
There could be dire consequences if he did, since it would make the validity of those debt instruments suspect and that could cause some unpredictable cascading effects such as grading them as junk bonds by the private sector rating firms, particularly if there was any though that a successor administration might disavow them.  There is also the more mundane issue that it might well be seen as an unlawful action by the executive agencies and their civil service employees responsible to execute the order, and they would just choke on following it through.  Nobody but political appointees wants to risk breaking the law or getting fired for loyalty, and those guys aren't going to be running the machinery that makes it happen. 
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Offline SSG Snuggle Bunny

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Re: Here's a question for you . . .
« Reply #3 on: May 18, 2011, 05:12:15 PM »
Art 1. Sec 8:

Quote
The Congress shall have power to ...To borrow money on the credit of the United States
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Offline BlueStateSaint

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Re: Here's a question for you . . .
« Reply #4 on: May 20, 2011, 07:02:08 AM »
Gang, let's remember that this administration also forced out the CEOs they didn't like at GM, and gave GM and Chrysler stock to the UAW, completely outside legal bounds.

I think that he'll try it.
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"Timid men prefer the calm of despotism to the tempestuous sea of Liberty." - Thomas Jefferson

"All you have to do is look straight and see the road, and when you see it, don't sit looking at it - walk!" -Ayn Rand
 
"Those that trust God with their safety must yet use proper means for their safety, otherwise they tempt Him, and do not trust Him.  God will provide, but so must we also." - Matthew Henry, Commentary on 2 Chronicles 32, from Matthew Henry's Commentary on the Whole Bible

"These anti-gun fools are more dangerous to liberty than street criminals or foreign spies."--Theodore Haas, Dachau Survivor

Chase her.
Chase her even when she's yours.
That's the only way you'll be assured to never lose her.

Offline I_B_Perky

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Re: Here's a question for you . . .
« Reply #5 on: May 21, 2011, 08:45:28 PM »
Quote from: BlueStateSaint on May 20, 2011, 07:02:08 AM
Gang, let's remember that this administration also forced out the CEOs they didn't like at GM, and gave GM and Chrysler stock to the UAW, completely outside legal bounds.

I think that he'll try it.

He does that he will be impeached by the house.
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Offline Janice

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Re: Here's a question for you . . .
« Reply #6 on: May 21, 2011, 09:09:13 PM »
Quote from: I_B_Perky on May 21, 2011, 08:45:28 PM
He does that he will be impeached by the house.

Maybe by the dems, but not the GOP. Not this GOP. Ive never seen such a group of linguine spine wimps and democrat appeasers in my life.

These next two elections cant come soon enough.
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Offline marv

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Re: Here's a question for you . . .
« Reply #7 on: May 21, 2011, 10:09:11 PM »
Impeachment by the House might be an option, but I don't think it would bother hussein. Conviction by the Senate won't happen. Remember, he said he would CHANGE America.
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