Pelosi Backs Geithner: We Should Give Obama INFINITE DEBT LIMIT

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11-30-2012, 06:07 PM
presence

Pelosi Backs Geithner: We Should Give Obama INFINITE DEBT LIMIT

http://blackcreditcards.files.wordpr...redit-card.jpg
http://cnsnews.com/news/article/pelo...limit-infinity

Quote:

(CNSNews.com) - House Minority Leader Nancy Pelosi (D-Calif.) said on Friday that Congress should hand over to President Barack Obama the power to unilateral increase the limit on the U.S. government's debt.

In effect, under the plan Pelosi is endorsing, the only limit on the national debt would be President Obama's willingness to borrow money in the name of American taxpayers.

At a Friday press conference, a reporter asked Pelosi if she agreed with a proposal made by Treasury Secretary Timothy Geithner that Congress give Obama the power to unilaterally increase the debt limit.

"Yes," she said.

Article 1, Section 8, Clause 2 says:
"Congress shall have power []To borrow money on the credit of the United States."
11-30-2012, 06:10 PM
Origanalist

I was just looking at a video of this. It is no surprise, they don't try to hide who they are anymore. Why should they?
11-30-2012, 09:58 PM
presence

Quote:

Originally Posted by Origanalist

I was just looking at a video of this.

Link?
11-30-2012, 10:15 PM
Origanalist

It's just a real short clip.

http://cnsnews.com/news/article/pelo...imit-infinity#
11-30-2012, 10:48 PM
TCE

The GOP did this with Bush and war powers years ago and then they turn around and state that Obama is a tyrant. Your guy will not be in the White House forever and when a Republican President is elected, he will have the power to borrow infinitely. Then the complaints will start.
11-30-2012, 11:02 PM
Occam's Banana

This is not just a Pelosi/Democrat thing. Congress has been falling-down eager to divest itself of its most important & serious responsibilities ever since the War Powers Act (at least).

They'd really rather not have to put up with such pesky inconveniences as actually having to take a stand and voting on things.

That sort of thing seriously detracts from the whole back-slappin' good ol' boy Country Club atmosphere.
11-30-2012, 11:45 PM
oyarde

Those people are not Americans, they are the enemy , they are economic terrorists who will steal from unborn children, lowest form of life.
11-30-2012, 11:52 PM
TCE

Quote:

Originally Posted by Occam's Banana

This is not just a Pelosi/Democrat thing. Congress has been falling-down eager to divest itself of its most important & serious responsibilities ever since the War Powers Act (at least).

They'd really rather not have to put up with such pesky inconveniences as actually having to take a stand and voting on things.

That sort of thing seriously detracts from the whole back-slappin' good ol' boy Country Club atmosphere.

Right, it's a very, very short-term "let's give our guy all of this power" thing and then they turn around and believe the other side will never take power again.
11-30-2012, 11:53 PM
Feeding the Abscess

This is McConnell's idea from the debt ceiling in 2011.
12-01-2012, 12:54 AM
puppetmaster

Quote:

Originally Posted by oyarde

Those people are not Americans, they are the enemy , they are economic terrorists who will steal from unborn children, lowest form of life.

100% correct
12-01-2012, 07:32 AM
KrokHead

Wait, there isn't already an infinite debt limit?
12-01-2012, 07:40 AM
LibertyEagle

Quote:

Originally Posted by Occam's Banana

This is not just a Pelosi/Democrat thing. Congress has been falling-down eager to divest itself of its most important & serious responsibilities ever since the War Powers Act (at least).

They'd really rather not have to put up with such pesky inconveniences as actually having to take a stand and voting on things.

That sort of thing seriously detracts from the whole back-slappin' good ol' boy Country Club atmosphere.

Exactly and then they whine about what the President is doing.
12-01-2012, 07:59 AM
presence

Quote:

Originally Posted by KrokHead

Wait, there isn't already an infinite debt limit?

About once a year congress has been enacting legislation to increase the debt limit incrementally; a couple hundred billion at a time... 2.4 trillion 16 months ago... which is about spent. The president has ZERO (perhaps emergency powers; not sure how that fits in) authority to spend money on credit without Congressional authorization.
12-01-2012, 09:19 AM
Zeeder

There has never been any such thing as a debt limit.
12-01-2012, 09:38 AM
Republicanguy

I was thinking a couple of weeks back the final end of the constitution that you Americans or at least some cherish so much would be the end of the 22 Amendment.
12-01-2012, 12:21 PM
Zippyjuan

Quote:

Originally Posted by presence

About once a year congress has been enacting legislation to increase the debt limit incrementally; a couple hundred billion at a time... 2.4 trillion 16 months ago... which is about spent. The president has ZERO (perhaps emergency powers; not sure how that fits in) authority to spend money on credit without Congressional authorization.

The President has zero authority to spend money anyways- Congress (starting in the House of Representatives) has to write all spending bills. He can suggest but in the end. all he can really do is sign or veto what Congress passes.

Until recently, getting the debt limit raised was basically an automatic thing which easily passed. That is why some have suggested that having it had become meaningless.
12-01-2012, 12:37 PM
LibertyEagle

Quote:

Originally Posted by Zeeder

There has never been any such thing as a debt limit.

Yes, there is. It's called the debt ceiling. True, they can change it, but it nonetheless is a limit.
12-01-2012, 12:47 PM
John F Kennedy III

Ever notice how everytime they talk about a subject, they're just a bit more extreme than last time? Incrementalism. The globalists use it well. It is used to slowly take over a population instead of doing it quickly in the open. People don't notice as much. Each time it isn't so bad. You get used to it. You accept it. You love it. You need it. You defend it. You think you can't live without it. It kills you.
12-01-2012, 12:49 PM
Zeeder

Quote:

Originally Posted by LibertyEagle

Yes, there is. It's called the debt ceiling. True, they can change it, but it nonetheless is a limit.

You can't change a limit. That's what a limit is.

The debt ceiling is merely a suggestion.
12-01-2012, 01:29 PM
angelatc

Quote:

Originally Posted by Origanalist

I was just looking at a video of this. It is no surprise, they don't try to hide who they are anymore. Why should they?

I saw it on the news yesterday, I think. She pretty much said that they had already cut everything that could be cut without sending us back to the stone ages, and that the only compromise they're willing to make is ...well, none.
12-01-2012, 01:34 PM
LibertyEagle

Quote:

Originally Posted by Zeeder

You can't change a limit. That's what a limit is.

The debt ceiling is merely a suggestion.

It is the limit unless/until they change it with legislation. They may not proceed unless it is changed.

lim·it (lmt)
n.
1. The point, edge, or line beyond which something cannot or may not proceed.

Of course you are just splitting hairs.
12-01-2012, 05:06 PM
Zeeder

Quote:

Originally Posted by LibertyEagle

It is the limit unless/until they change it with legislation. They may not proceed unless it is changed.

lim·it (lmt)
n.
1. The point, edge, or line beyond which something cannot or may not proceed.

Of course you are just splitting hairs.

Can they proceed? Will they?
Absolutely.
Not a limit.
12-01-2012, 05:37 PM
LibertyEagle

Quote:

Originally Posted by Zeeder

Can they proceed? Will they?
Absolutely.
Not a limit.

If they raise the limit, yes they will.
Thus, a new limit.

Do you honestly believe you are more stubborn than I am? :p
12-01-2012, 07:08 PM
FindLiberty

Kick that can down the road... Don't stop!

WHAT EVER YOU DO, DON'T OPEN IT 'cause I hear that it's full of worms.
12-01-2012, 07:17 PM
Carson

somebody Backs somebody: We Should Give somebody INFINITE DEBT LIMIT

Again!!!!!!11