To deal with the fear of Congress possibly holding the debt limit hostage Sen. Chuck Schumer (D-NY) wants to permanently give the power to the President.
|By: Jon Walker Tuesday October 22, 2013 8:40 am|
|By: letsgetitdone Wednesday October 16, 2013 4:25 pm|
If the President is obligated to obey the 14th amendment, then he should be doing whatever he can to use the other options to end the debt ceiling crisis. He should not be playing chicken with the Republicans over the debt ceiling and the shutdown. Both are dangerous to the economy, and there is a real risk of default in allowing the Treasury’s daily available balance to fall to the level it will be at as of October 17th.
|By: Jon Walker Wednesday October 16, 2013 8:35 am|
The irony is if Republican didn’t overplay their hand they could have been celebrating a real policy win on spending levels. Instead they come away looking crazy, incompetent, and weak.
|By: Jon Walker Tuesday October 15, 2013 9:03 am|
The whole point of the 14th amendment was to say a group of white Southern politicians who lost shouldn’t be allowed to use whatever legislative leverage they have to cause chaos by stopping the government from paying its bills. Yet that is exactly what is now happening. Even if for some technical reason this situation is legally different, the intent is clear. This kind of situation is suppose to be unconstitutional.
|By: Jon Walker Monday October 14, 2013 11:57 am|
If Obama can’t stand firm now it will mean he will never stand firm ever and the Republicans will know it. What is really at stake is not the possible terms of the current negotiation, it is how many more of these ridiculous standoffs we will face over the next three years.
|By: letsgetitdone Sunday October 13, 2013 1:00 pm|
But what happens if the assets are sold to one or more of the regional Fed Banks. These are agents of the Federal Government, but they privately owned.
|By: Phoenix Woman Wednesday October 9, 2013 3:02 pm|
Sorry, Charles and David Koch. Your financial fingerprints are everywhere on this shutdown and default turkey, and no amount of letter writing will wash them away.
|By: Jon Walker Wednesday October 9, 2013 2:04 pm|
A new tactic among Republicans who are trying to avoid blame for possibly hitting the debt ceiling is to pretend the debt ceiling is no big deal.
|By: Jon Walker Wednesday October 9, 2013 12:15 pm|
The basis of Obama’s legislative tactics has been to be too clever by half. Instead of directly going out stating his preferred position and accepting/rejecting whatever compromise could be reached, Obama seems to have always thought he could get more through subterfuge.
|By: letsgetitdone Saturday October 5, 2013 7:52 am|
It now looks like the big media and leaders in both parties are no longer focusing on the Government Shutdown crisis, but are now moving on to the notion that the shutdown is melding with the upcoming probable breaching of the debt limit to create a combined mother of all fiscal crises. Along with this, the media and many politicians, encouraged by the President’s standing “strong, strong, strong,” are now directing attention away from whether ObamaCare will be delayed or compromised, to other types of ransom the Administration might pay in return for both re-opening the Government and also providing an increase of an undetermined amount in the debt limit.