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Should Obama Bypass Congress on the Debt Ceiling?

Politics 2011/07/03 23:33:31
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As the stalemate over the national debt ceiling continues, Democrats are suggesting a radical solution that is (unsurprisingly) making Republicans angry.

According to the Bipartisan Policy Center, if the U.S. does not borrow more money (only possible if the debt ceiling is raised), in August, the Treasury will only be able to pay 56% of U.S. bills.

Former Treasury official Jay Powell says the government would likely pay interest first, leaving popular domestic programs in jeopardy.

"It could be Social Security. It could be Medicare. It could be Medicaid. We can't pay everything," Powell says.


In order to avoid such a crisis, some Democrats are arguing that if necessary, Obama should bypass Congress and order the Treasury to keep borrowing.

The argument is based on a little-known section of the 14th Amendment which states that the public debt of the United States "shall not be questioned."

"If Congress refuses to act, the argument would run, the president out of necessity must act in order to follow the command of the constitution," says Garrett Epps with the University of Baltimore Law School.

Unsurprisingly, Republicans are not pleased with this proposal.

"That's crazy talk. It's not acceptable for Congress and the president not to do their job and to say somehow the president has the authority then to basically do this by himself," says Sen. John Cornyn, R-Tex.

Sources say, in order to get through Congress in time, a deal must be reached by July 22nd.

What do you think? Should Obama bypass Congress to avoid a crisis? Or is that just "crazy talk"?

Read More: http://www.cbsnews.com/stories/2011/07/03/eveningn...

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Top Opinion

  • maggied45 2011/07/03 23:58:49
    No, "that's crazy talk."
    maggied45
    +28
    Hello! Last time I looked Obama wasn't a dictator. We have a Congress for a reason. Obama is the one who is unwilling to allow cuts so that he can just keep on borrowing money.

    "It could be Social Security. It could be Medicare. It could be Medicaid. We can't pay everything," Powell says.

    I don't like that quote - that is typical government threats to try to get us on Obama's side. Maybe we'll all have to share a little of the cuts for a while - but why do they always pick totally on the weakest people to get their point across.

    Ron Paul came up with a great idea of having the FeD destroy some bonds so that we could use this money now. This will give Congress more of a chance to look for cuts and give the country the money to pay its bills. If they raise the debt ceiling it's going to be the worst thing in the world for this country. We are literally selling ourselves to other countries through debt.

    Stop the wars - that will give you money. Stop all raises on Federal Salaries, in fact lower them. If they can't do their jobs - get someone else to fill them.

    Get rid of all the illegal aliens collecting any sort of benefit in this country.

    No citizen should lose one cent of the Social Security money while we are giving illegal aliens benefits and sending foreign aid to other countries.

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Opinions

  • carolynb Captain... 2011/07/04 01:12:04
    carolynb
    +2
    I hope you are wrong. We wont know until it happens.
  • Captain... carolynb 2011/07/04 01:17:08
    Captain Kirk~POTL
    +1
    Obie or any POTUS can`t appropriate money,it MUST come from congress passing it!!
    There`s good reason for that,otherwise there is no use to have congress!!
  • carolynb Captain... 2011/07/04 01:18:54
  • Captain... carolynb 2011/07/04 01:20:24
    Captain Kirk~POTL
    Read the Constitution,oh ya the Constitution doesn`t mean much with obie and his criminals!!
  • carolynb carolynb 2011/07/04 10:59:04
    carolynb
    +1
    Section 4 of the 14th amendment will allow him to take action over congress, and I know how you right wingers love the constitution when it works for you, but seem to want to disregard it when it comes to something you dont like.
  • Sabba carolynb 2011/07/03 23:56:26
    Sabba
    +2
    Be careful what you ask for! He already stopped any cost of living increases for Social Security. He won't leave it alone, He wants full control over everything and everyone. Can't believe you are retired and don't care that he said the money to fix his Grandmother was wasted because of her age! You must be blind!
  • Deborah Sabba 2011/07/04 02:19:28
    Deborah
    +1
    that is a Soxcialist view and a portent of things to come in OBAMACARE>? Rationing and death panels thay aren't a fantasy they are your future unless we elct a totally Republican Congress senate and President to get this country back. I'm old and have seen our freedoms wrested from us with thsi progressive movement.Buy a cabin in a far away place buy gold silver and medications and ammo.
  • Sabba Deborah 2011/07/04 21:20:54
    Sabba
    You are totally correct!
  • sketchbone 2011/07/03 23:39:44
    No, "that's crazy talk."
    sketchbone
    +5
    The nation should BYPASS OBAMA on the next election. nation bypass obama election clueless obama
  • Sabba sketchbone 2011/07/03 23:57:33
    Sabba
    +5
    I don't believe he is clueless. I think he knows just what he is doing! Just another Chicago criminal.
  • beavith1 2011/07/03 23:39:37
    No, "that's crazy talk."
    beavith1
    +7
    The Presdent does not have any power of the purse. Its crazy talk.
  • CharlesG BN-0 2011/07/03 23:38:58
    No, "that's crazy talk."
    CharlesG BN-0
    +3
    He's such a team player, and a vocal opponent against raising the debt ceiling.
  • Centuri... Charles... 2011/07/03 23:46:47
    Centurion~PWCM~JLA
    HMTAM
  • MAMMY51♥POTL~PWCM~JLA♥ 2011/07/03 23:38:52
    No, "that's crazy talk."
    MAMMY51♥POTL~PWCM~JLA♥
    +8
    He's NOT, a King.
  • Deborah MAMMY51... 2011/07/04 02:20:39
    Deborah
    +1
    He thinks he is and personally in my 61 years on earth I have never seen a more Power HUngry man who wants a one world economy and Government.
  • MAMMY51... Deborah 2011/07/04 03:34:53

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