Pelosi Backs Geithner: We Should Give Obama INFINITE DEBT LIMIT

[KrokHead]

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

[LibertyEagle]

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.

[presence]

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.

[Zeeder]

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

[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.

[Zippyjuan]

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.

[LibertyEagle]

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.

[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.

[Zeeder]

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.

[angelatc]

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.