AuH20
07-11-2011, 10:01 AM
Alex Jones was just talking about this. This is surreal.
http://www.kentucky.com/2011/07/10/1806635/obama-has-power-to-raise-debt.html
Presidential use of unilateral power often violates the basic precepts of our precious system of checks and balances and separation of power.
Still, while unilateral power can be unwarranted, there are times when it is appropriate for presidents to use these powers to promote the interests of the American people. President Abraham Lincoln employed such emergency executive powers during the Civil War, for example.
The inherent risks of the present financial crisis are so potentially catastrophic, that unilateral power is both justifiable and warranted to prevent irreparable harm to our nation's economy and its people. The problem is that existing unilateral powers do not appear to be legally justifiable under the present circumstances.
A new form of unilateral power, what I call an emergency order, is, however, constitutionally defensible.
An emergency order combines the powers of an executive order, which has the standing of law, with the president's authority as commander in chief. It also is premised on an idea quite familiar to the founders — a prerogative by which a president can act unilaterally in the best interest of our country in an emergency situation.
The president is then held accountable by the specter of subsequent congressional oversight and, in the most egregious of cases, by the penalty of impeachment.
As with an executive order, an emergency order also would be subject to contravention by the legislative process.
How would President+++ Barack Obama issue an emergency order to suspend the debt limit? The president would have to:
■ Specify that a state of emergency exists or will exist without immediate remedial action.
■ Explain how national security would be affected by inaction.
■ Clearly define the action to be taken.
■ Explain why inaction would result in irreparable harm to the nation.
■ Provide a remedial action limited to ameliorating the present crisis.
All five conditions must be met. Does the present situation meet these criteria? Most economists and many business leaders believe that an inability to raise the debt ceiling would have damaging and potentially catastrophic economic consequences.
Read more: http://www.kentucky.com/2011/07/10/1806635/obama-has-power-to-raise-debt.html#ixzz1RoTse9sp
http://www.kentucky.com/2011/07/10/1806635/obama-has-power-to-raise-debt.html
Presidential use of unilateral power often violates the basic precepts of our precious system of checks and balances and separation of power.
Still, while unilateral power can be unwarranted, there are times when it is appropriate for presidents to use these powers to promote the interests of the American people. President Abraham Lincoln employed such emergency executive powers during the Civil War, for example.
The inherent risks of the present financial crisis are so potentially catastrophic, that unilateral power is both justifiable and warranted to prevent irreparable harm to our nation's economy and its people. The problem is that existing unilateral powers do not appear to be legally justifiable under the present circumstances.
A new form of unilateral power, what I call an emergency order, is, however, constitutionally defensible.
An emergency order combines the powers of an executive order, which has the standing of law, with the president's authority as commander in chief. It also is premised on an idea quite familiar to the founders — a prerogative by which a president can act unilaterally in the best interest of our country in an emergency situation.
The president is then held accountable by the specter of subsequent congressional oversight and, in the most egregious of cases, by the penalty of impeachment.
As with an executive order, an emergency order also would be subject to contravention by the legislative process.
How would President+++ Barack Obama issue an emergency order to suspend the debt limit? The president would have to:
■ Specify that a state of emergency exists or will exist without immediate remedial action.
■ Explain how national security would be affected by inaction.
■ Clearly define the action to be taken.
■ Explain why inaction would result in irreparable harm to the nation.
■ Provide a remedial action limited to ameliorating the present crisis.
All five conditions must be met. Does the present situation meet these criteria? Most economists and many business leaders believe that an inability to raise the debt ceiling would have damaging and potentially catastrophic economic consequences.
Read more: http://www.kentucky.com/2011/07/10/1806635/obama-has-power-to-raise-debt.html#ixzz1RoTse9sp