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Thread: Pelosi Backs Geithner: We Should Give Obama INFINITE DEBT LIMIT

  1. #1

    Default Pelosi Backs Geithner: We Should Give Obama INFINITE DEBT LIMIT


    http://cnsnews.com/news/article/pelo...limit-infinity


    (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."
    Last edited by presence; 11-30-2012 at 05:13 PM.
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  3. #2

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    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?
    Quote Originally Posted by torchbearer View Post
    the government is my servant.
    I am not its servant.
    Quote Originally Posted by aGameOfThrones View Post
    They are there to eat doughnuts and fuck people up and throw them in jail... and they're all out of doughnuts.
    Quote Originally Posted by Anti Federalist View Post
    Yes, they did.

    The warnings were simply ignored.

    They were warned by men called the Anti Federalists.

  4. #3

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    Quote Originally Posted by Origanalist View Post
    I was just looking at a video of this.
    Link?
    It does not require a majority to prevail, but rather an irate, tireless minority keen
    to set brush fires in peoples minds! Revolution is Action upon Revelation!


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  5. #4
    Quote Originally Posted by torchbearer View Post
    the government is my servant.
    I am not its servant.
    Quote Originally Posted by aGameOfThrones View Post
    They are there to eat doughnuts and fuck people up and throw them in jail... and they're all out of doughnuts.
    Quote Originally Posted by Anti Federalist View Post
    Yes, they did.

    The warnings were simply ignored.

    They were warned by men called the Anti Federalists.

  6. #5

    Default

    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.

  7. #6
    Truth is treason ... Occam's Banana's Avatar
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    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.
    Last edited by Occam's Banana; 11-30-2012 at 10:04 PM.
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  8. #7
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    Those people are not Americans, they are the enemy , they are economic terrorists who will steal from unborn children, lowest form of life.

  9. #8

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    Quote Originally Posted by Occam's Banana View Post
    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.

  10. #9

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    This is McConnell's idea from the debt ceiling in 2011.
    Quote Originally Posted by Ron Paul
    Perhaps the most important lesson from Obamacare is that while liberty is lost incrementally, it cannot be regained incrementally. The federal leviathan continues its steady growth; sometimes boldly and sometimes quietly. Obamacare is just the latest example, but make no mistake: the statists are winning. So advocates of liberty must reject incremental approaches and fight boldly for bedrock principles.
    The epitome of libertarian populism

  11. #10

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    Quote Originally Posted by oyarde View Post
    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
    "Liberty lies in the hearts of men and women; when it dies there, no constitution, no law, no court can save it; no constitution, no law, no court can even do much to help it."
    James Madison

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  12. #11
    Member KrokHead's Avatar
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    Wait, there isn't already an infinite debt limit?

  13. #12

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    Quote Originally Posted by Occam's Banana View Post
    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.
    “I have many friends in the libertarian movement who look down on those of us who get involved in political activity,”
    he acknowledged, but "eventually, if you want to bring about changes … what you have to do is participate in political
    action.
    ” -- Ron Paul


    "We do have some differences and our approaches will be different, but that makes him his own person. I mean why should he [Rand] be a clone and do everything and think just exactly as I have. I think it's an opportunity to be independent minded. We are about 99% the same on issues." "People Try To Drive Wedges Between Rand And Me." --Ron Paul

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  14. #13

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    Quote Originally Posted by KrokHead View Post
    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.
    Last edited by presence; 12-01-2012 at 07:03 AM.
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    to set brush fires in peoples minds! Revolution is Action upon Revelation!


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  15. #14

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

  16. #15

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    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.

  17. #16
    Member Zippyjuan's Avatar
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    Quote Originally Posted by presence View Post
    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.
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  18. #17

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    Quote Originally Posted by Zeeder View Post
    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.
    “I have many friends in the libertarian movement who look down on those of us who get involved in political activity,”
    he acknowledged, but "eventually, if you want to bring about changes … what you have to do is participate in political
    action.
    ” -- Ron Paul


    "We do have some differences and our approaches will be different, but that makes him his own person. I mean why should he [Rand] be a clone and do everything and think just exactly as I have. I think it's an opportunity to be independent minded. We are about 99% the same on issues." "People Try To Drive Wedges Between Rand And Me." --Ron Paul

    http://www.youtube.com/watch?&v=pB5JgzBVHN0

    The Property Basis of Rights

  19. #18
    Member John F Kennedy III's Avatar
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    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.
    Quote Originally Posted by Origanalist View Post
    There would be riots in the streets, if boobus gave one shit about his honor.
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  20. #19

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    Quote Originally Posted by LibertyEagle View Post
    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.

  21. #20

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    Quote Originally Posted by Origanalist View Post
    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.
    .[QUOTE]"Every great new thought was opposed. Every great new invention was denounced. The first motor was considered foolish. The airplane was considered impossible. The power loom was considered vicious. Anesthesia was considered sinful. But the men of unborrowed vision went ahead. They fought, they suffered and they paid. But they won." - Ayn Rand, The Fountainhead[/QUOTE]
    ..
    .

    I blog at Red State Eclectic, and I tweet here,.

  22. #21

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    Quote Originally Posted by Zeeder View Post
    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.
    “I have many friends in the libertarian movement who look down on those of us who get involved in political activity,”
    he acknowledged, but "eventually, if you want to bring about changes … what you have to do is participate in political
    action.
    ” -- Ron Paul


    "We do have some differences and our approaches will be different, but that makes him his own person. I mean why should he [Rand] be a clone and do everything and think just exactly as I have. I think it's an opportunity to be independent minded. We are about 99% the same on issues." "People Try To Drive Wedges Between Rand And Me." --Ron Paul

    http://www.youtube.com/watch?&v=pB5JgzBVHN0

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  23. #22

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    Quote Originally Posted by LibertyEagle View Post
    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.

  24. #23

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    Quote Originally Posted by Zeeder View Post
    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?
    “I have many friends in the libertarian movement who look down on those of us who get involved in political activity,”
    he acknowledged, but "eventually, if you want to bring about changes … what you have to do is participate in political
    action.
    ” -- Ron Paul


    "We do have some differences and our approaches will be different, but that makes him his own person. I mean why should he [Rand] be a clone and do everything and think just exactly as I have. I think it's an opportunity to be independent minded. We are about 99% the same on issues." "People Try To Drive Wedges Between Rand And Me." --Ron Paul

    http://www.youtube.com/watch?&v=pB5JgzBVHN0

    The Property Basis of Rights

  25. #24

    Default

    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.

  26. #25

    Default somebody Backs somebody: We Should Give somebody INFINITE DEBT LIMIT

    Again!!!!!!11
    Last edited by Carson; 12-01-2012 at 06:19 PM.





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