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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 06:13 PM.

    'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988

    Awareness is the Root of Liberation Revolution is Action upon Revelation

    'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3

    Flectere si nequeo superos, Acheronta movebo.

    ...the familiar ritual of institutional self-absolution...
    ...for protecting them, by mock trial, from punishment...




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  3. #2

    Default

    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 misterx View Post
    Yeah, I like cops. They keep the streets safe. Get over it.

    Quote Originally Posted by dannno View Post
    The Fed is NOT safe from audit, Trump has said he wants to audit the fed and we may have some bills coming up soon.

    Trump is helping Rand pass his healthcare plan, if you think Trump actually supported RyanCare then you are foolish and you need to go read the threads where I addressed this topic. Rand was talking to Trump 2-3 times a week, and Rand told Trump straight up it wasn't going to pass, it didn't have the votes. Trump knew it wasn't going to pass, so he supported it to make sure it was all Paul Ryan's failure and none of it could be blamed on him. Trump hates Paul Ryan.

    Trump is going to help save Syria, with Russia's help.
    Quote Originally Posted by Mordan View Post
    It is not about brainwashing. You can support Trump for practical reasons. I think Danno is right about the Syria missile strikes helping Trump politically in the US. The media stopped talking about the sickening russian narrative. Proof again it was just a hoax to manipulate the public opinion.

    Trump made a good call as a politician. Libertarian souls can bitch all they want about principles and being conned. Trump is going to disappointed again. I have enough hairchest.

    Just answer the question. Which game is Trump playing?

  4. #3

    Default

    Quote Originally Posted by Origanalist View Post
    I was just looking at a video of this.
    Link?

    'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988

    Awareness is the Root of Liberation Revolution is Action upon Revelation

    'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3

    Flectere si nequeo superos, Acheronta movebo.

    ...the familiar ritual of institutional self-absolution...
    ...for protecting them, by mock trial, from punishment...


  5. #4
    Quote Originally Posted by misterx View Post
    Yeah, I like cops. They keep the streets safe. Get over it.

    Quote Originally Posted by dannno View Post
    The Fed is NOT safe from audit, Trump has said he wants to audit the fed and we may have some bills coming up soon.

    Trump is helping Rand pass his healthcare plan, if you think Trump actually supported RyanCare then you are foolish and you need to go read the threads where I addressed this topic. Rand was talking to Trump 2-3 times a week, and Rand told Trump straight up it wasn't going to pass, it didn't have the votes. Trump knew it wasn't going to pass, so he supported it to make sure it was all Paul Ryan's failure and none of it could be blamed on him. Trump hates Paul Ryan.

    Trump is going to help save Syria, with Russia's help.
    Quote Originally Posted by Mordan View Post
    It is not about brainwashing. You can support Trump for practical reasons. I think Danno is right about the Syria missile strikes helping Trump politically in the US. The media stopped talking about the sickening russian narrative. Proof again it was just a hoax to manipulate the public opinion.

    Trump made a good call as a politician. Libertarian souls can bitch all they want about principles and being conned. Trump is going to disappointed again. I have enough hairchest.

    Just answer the question. Which game is Trump playing?

  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

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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.

  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

    Default

    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

    "It does not take a majority to prevail ... but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men." - Samuel Adams



    Μολὼν λάβε
    Dum Spiro, Pugno
    Tu ne cede malis sed contra audentior ito

  12. #11

    Default

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

  13. #12

    Default

    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.
    ================
    Open Borders: A Libertarian Reappraisal or why only dumbasses and cultural marxists are for it.

    Cultural Marxism: The Corruption of America

    The Property Basis of Rights

  14. #13

    Default

    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 08:03 AM.

    'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988

    Awareness is the Root of Liberation Revolution is Action upon Revelation

    'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3

    Flectere si nequeo superos, Acheronta movebo.

    ...the familiar ritual of institutional self-absolution...
    ...for protecting them, by mock trial, from punishment...


  15. #14

    Default

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

  16. #15

    Default

    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

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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.
    "The future is here, it's just not evenly distributed yet." - William Gibson

    I am Zippy and I approve of this post. But you don't have to.

  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.
    ================
    Open Borders: A Libertarian Reappraisal or why only dumbasses and cultural marxists are for it.

    Cultural Marxism: The Corruption of America

    The Property Basis of Rights

  19. #18

    Default

    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.
    I am the spoon.

  20. #19

    Default

    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

    Default

    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.
    * Enforce Border Security – America should be guarding her own borders and enforcing her own laws instead of policing the world and implementing UN mandates.

    * No Amnesty - The Obama Administration’s endorsement of so-called “Comprehensive Immigration Reform,” granting amnesty to millions of illegal immigrants, will only encourage more law-breaking.

    * Abolish the Welfare State – Taxpayers cannot continue to pay the high costs to sustain this powerful incentive for illegal immigration. As Milton Friedman famously said, you can’t have open borders and a welfare state.

    * End Birthright Citizenship – As long as illegal immigrants know their children born here will be granted U.S. citizenship, we’ll never be able to control our immigration problem.




    Reprinted from http://www.ronpaul2012.com/the-issues/immigration/ [Nov. 29, 2011]

  22. #21

    Default

    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.
    ================
    Open Borders: A Libertarian Reappraisal or why only dumbasses and cultural marxists are for it.

    Cultural Marxism: The Corruption of America

    The Property Basis of Rights

  23. #22

    Default

    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

    Default

    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?
    ================
    Open Borders: A Libertarian Reappraisal or why only dumbasses and cultural marxists are for it.

    Cultural Marxism: The Corruption of America

    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






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