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.
Should Obama Bypass Congress on the Debt Ceiling?
SodaHead Politics
2011/07/03 23:33:31
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151 votes
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476 votes
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84 votes
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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.
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."
Unsurprisingly, Republicans are not pleased with this proposal.
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"?
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...
Top Opinion
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maggied45 2011/07/03 23:58:49
There`s good reason for that,otherwise there is no use to have congress!!