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View Diary: Treasury Secretary Timothy Geithner warns we will reach the debt limit in five days (36 comments)

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  •  The President should just ignore (1+ / 0-)
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    HoundDog

    the debt limit and instruct the Treasury to proceed as if there were no limit. Let Congress try to do something about it.

    For if there is a sin against life, it consists perhaps not so much in despairing of life as in hoping for another life and in eluding the implacable grandeur of this life. - Albert Camus

    by Anne Elk on Wed Dec 26, 2012 at 03:55:38 PM PST

    •  Perhaps, but it would seem that invoking the (0+ / 0-)

      existing law of the platinum sovereign coinage act, or whatever it is called would add a sufficiently plausible constitutional basis for such actions that might be preferable to an open defiance, which would result in all sort of legal consequences.

      The means is the ends in the process of becoming. - Mahatma Gandhi

      by HoundDog on Wed Dec 26, 2012 at 05:09:19 PM PST

      [ Parent ]

    •  I agree. That's a gutsy unconventional choice. n/t (0+ / 0-)

      A thousand Sharkeys are invading a thousand Shires every day across our country.--James Wells

      by SouthernLiberalinMD on Wed Dec 26, 2012 at 05:54:42 PM PST

      [ Parent ]

    •  the country (0+ / 0-)

      has been under a 'state of emergency' since 9/11 by decree of the bush administration which obama extended .... it essentially means the rule of law has been suspended indefinitely.  Why the politicians play their little dog and pony shows constantly must be their desire to make people believe there is a functioning government somewhere in DC.  

      "History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance." -James Madison

      by FreeTradeIsYourEpitaph on Wed Dec 26, 2012 at 06:26:07 PM PST

      [ Parent ]

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