General Discussion
In reply to the discussion: Am I the only one who is terrified? [View all]magical thyme
(14,881 posts)They are behaving like terrorists. They want us to capitulate to their demands out of fear of losing whatever.
If we give in to these demands, they will demand more and it will never stop. In that situation then we will lose everything.
I'm hopeful that if push comes to shove, President Obama will pull out the 14th amendment and simply declare the debt ceiling raised by executive order.
He has not ruled it out. He has stated he doesn't believe he has that authority, but he hasn't stated why he doesn't believe he has that authority and certainly based on the last presidency there is nothing to stop him from claiming that authority.
The congress still has the authority to make the budget and appropriate money. But by claiming the authority to actually pay the bills, the President will balance that power out and prevent congress from running up debt and then defaulting, as the GOP is trying to do now.
Kind of like saying that one business partner does the budgeting, but another partner writes the checks to pay the bills, to make sure those bills get paid and the business doesn't get re-possessed...