Results 1 to 25 of 25

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


    ...for protecting them, by mock trial, from punishment...





  2. Remove this section of ads by registering.
  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 silverhandorder View Post
    Maybe that is a clue.


    I don't need facts when I can expose bias. That is enough. Costs me two minutes to check what the site is about vs researching lies.

    I do research from time to time. But not when it fits a pattern.



    Same as above.

  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


    ...for protecting them, by mock trial, from punishment...



  5. #4
    Quote Originally Posted by silverhandorder View Post
    Maybe that is a clue.


    I don't need facts when I can expose bias. That is enough. Costs me two minutes to check what the site is about vs researching lies.

    I do research from time to time. But not when it fits a pattern.



    Same as above.

  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

    Default

    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 11:04 PM.
    Liberty has meaning only if we still believe in it when terrible things happen and a false government security blanket beckons. - Ron Paul

    Paul Krugman's column refuted, week after week!
    a weekly podcast by Tom Woods and Bob Murphy

  8. #7

    Default

    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

    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.
    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

    Default

    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.

  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


    ...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

    Default

    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.
    "I think we never get the candidate we exactly want unless you're the candidate." Rand Paul.

    "If everyone is thinking alike, then somebody isn't thinking." - George S. Patton

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

  18. #17

    Default

    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.

  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.
    Quote Originally Posted by Origanalist View Post
    There would be riots in the streets, if boobus gave one shit about his honor.
    UN Agenda 21 Explained

    The Single Most Important Documentary I've Ever Found

    Robert Downey Jr will learn you how to pimp. If you ever need to know.

    How the GOP stole the nomination

  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.
    .
    "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
    ..
    .How do you tell when anti-vaxxers are lying? Their lips are moving.

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

  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.

  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?

  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






« Previous Thread | Next Thread »


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •