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View Diary: There will be no default on the national debt (113 comments)

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  •  umm (0+ / 0-)

    the debt won't be "authorized by law" if they don't raise the debt ceiling.

    so you are wrong, lunachickie.

    •  But there's no default (1+ / 0-)
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      lunachickie

      Shutdown, maybe, but no default.

      Government and laws are the agreement we all make to secure everyone's freedom.

      by Simplify on Thu Dec 27, 2012 at 11:08:14 AM PST

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    •  Sure it is. (3+ / 0-)
      Recommended by:
      Simplify, PhilJD, JesseCW

      All government expenditures have their basis in laws.  The executive doesn't just get to spend money congress hasn't said should be spent.

      Now it's true that the debt ceiling causes a conflict between laws - one saying spend this money, the other saying you may not spend this money.  So it seems to me in that situation the president has to decide which of congress' conflicting mandates he'll follow.

      “What’s the use of having developed a science well enough to make predictions if, in the end, all we’re willing to do is stand around and wait for them to come true?” - Sherwood Rowland

      by jrooth on Thu Dec 27, 2012 at 11:52:41 AM PST

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      •  Here's hoping (1+ / 0-)
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        JesseCW

        the one based on the Constitution is the one he follows.

        He can do that, and he should, if he has to. The economic terrorism has to stop.

        It is time to #Occupy Media.

        by lunachickie on Thu Dec 27, 2012 at 01:58:09 PM PST

        [ Parent ]

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