333386
Competitors
Getbig V
Posts: I am a geek!!
FUBO!
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« on: December 04, 2012, 08:00:27 AM » |
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Pelosi: Give Obama Power to Personally Lift Debt Limit to Infinity
CNSNews ^ | November 30, 2012 | Terence P. Jeffrey
Posted on Friday, November 30, 2012 4:19:29 PM by jazusamo
Video at link
(CNSNews.com) - House Minority Leader Nancy Pelosi said on Friday that Congress should hand over to President Barack Obama personal, unilateral authority to increase the limit on the U.S. government's debt.
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.
When he met with members of Congress on Thursday to discuss a deal to avoid the so-called fiscal cliff that is set to occur at the end of this year, Secretary Geithner suggested that Congress give Obama the personal power as president to lift the legal limit on the federal government's debt.
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littledumbells
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« Reply #1 on: December 04, 2012, 08:01:57 AM » |
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Give her a broom.....maybe she will fly away
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OzmO
Moderator
Getbig V
Posts: 19038
Take Money Out of Politics!
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« Reply #2 on: December 04, 2012, 09:35:00 AM » |
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Pelosi: Give Obama Power to Personally Lift Debt Limit to Infinity
CNSNews ^ | November 30, 2012 | Terence P. Jeffrey
Posted on Friday, November 30, 2012 4:19:29 PM by jazusamo
Video at link
(CNSNews.com) - House Minority Leader Nancy Pelosi said on Friday that Congress should hand over to President Barack Obama personal, unilateral authority to increase the limit on the U.S. government's debt.
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.
When he met with members of Congress on Thursday to discuss a deal to avoid the so-called fiscal cliff that is set to occur at the end of this year, Secretary Geithner suggested that Congress give Obama the personal power as president to lift the legal limit on the federal government's debt.
link please, title misleading complete spin |
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magikusar
Time Out
Getbig IV
Posts: 2837
Team Ayn Rand
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« Reply #3 on: December 04, 2012, 12:15:25 PM » |
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pelosi is great combo of low iq and delusional ideas
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blacken700
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« Reply #4 on: December 04, 2012, 12:30:43 PM » |
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pot meet kettle
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333386
Competitors
Getbig V
Posts: I am a geek!!
FUBO!
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« Reply #5 on: December 04, 2012, 12:44:46 PM » |
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pot meet kettle
New Rules bro! read them. Ratlosi is a disgusting vaginal wart. |
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GigantorX
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« Reply #6 on: December 04, 2012, 06:03:18 PM » |
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The Executive Branch doesn't need any additional unilateral powers.
Let us leave the power to raise the debt ceiling in the hands of our brave members of the Politburo, I mean Congress.
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Mr.1derful
Getbig IV
Gender: 
Posts: 2484
Huckster takes the short bus.
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« Reply #7 on: December 04, 2012, 07:05:07 PM » |
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Pelosi: Give Obama Power to Personally Lift Debt Limit to Infinity
CNSNews ^ | November 30, 2012 | Terence P. Jeffrey
Posted on Friday, November 30, 2012 4:19:29 PM by jazusamo
Video at link
(CNSNews.com) - House Minority Leader Nancy Pelosi said on Friday that Congress should hand over to President Barack Obama personal, unilateral authority to increase the limit on the U.S. government's debt.
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.
When he met with members of Congress on Thursday to discuss a deal to avoid the so-called fiscal cliff that is set to occur at the end of this year, Secretary Geithner suggested that Congress give Obama the personal power as president to lift the legal limit on the federal government's debt.
That would be like giving an arsonist gasoline and a match. A fitting analogy, being Obama is going to sit and watch the world burn. |
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blacken700
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« Reply #9 on: December 10, 2012, 09:03:11 PM » |
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i think you covered everyone  |
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333386
Competitors
Getbig V
Posts: I am a geek!!
FUBO!
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« Reply #10 on: December 10, 2012, 09:06:58 PM » |
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i think you covered everyone i was going to include you - but the new rules prohibit that  |
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Emmortal
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« Reply #11 on: December 11, 2012, 01:09:09 PM » |
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The problem with removing the debt ceiling limit is that it totally lifts the veil on the concept that we are attempting to control debt. The issue with that is, when there is no control, albeit veiled as it is, then it becomes extremely dangerous to devaluation of the reserve currency. Other countries will see this as a threat to the US dollar and will move away from using it (already happening with Russia and China in certain trading situations) and the acceleration of moving away from the US dollar as the reserve currency will come to fruition.
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Mr.1derful
Getbig IV
Gender:
Posts: 2484
Huckster takes the short bus.
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« Reply #12 on: December 11, 2012, 08:06:41 PM » |
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The problem with removing the debt ceiling limit is that it totally lifts the veil on the concept that we are attempting to control debt. The issue with that is, when there is no control, albeit veiled as it is, then it becomes extremely dangerous to devaluation of the reserve currency. Other countries will see this as a threat to the US dollar and will move away from using it (already happening with Russia and China in certain trading situations) and the acceleration of moving away from the US dollar as the reserve currency will come to fruition.
Precisely. |
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GigantorX
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« Reply #13 on: December 11, 2012, 08:41:45 PM » |
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The problem with removing the debt ceiling limit is that it totally lifts the veil on the concept that we are attempting to control debt. The issue with that is, when there is no control, albeit veiled as it is, then it becomes extremely dangerous to devaluation of the reserve currency. Other countries will see this as a threat to the US dollar and will move away from using it (already happening with Russia and China in certain trading situations) and the acceleration of moving away from the US dollar as the reserve currency will come to fruition.
Great post. The debt ceiling is a joke as it doesn't really mean anything, it's more window dressing. Our govt. loves that stuff, just look at the 4-5 "Debt/Budget Control Acts" passed over the last 25 odd years. Lot of good they did but it let the Clown College pat itself on the back. |
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240 is Back
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« Reply #14 on: December 11, 2012, 08:57:21 PM » |
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we're gonna need a bigger number than infinity.
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