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View Diary: Biden gives Republicans one last chance to avoid 'fiscal cliff' (330 comments)

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  •  The majority of people support 250K! (7+ / 0-)

    The majority of people equally support the government honoring their social contracts, paying their bills, paying Medicare and Social Security. The Republicans want to steal benefits, break contracts to pay their debt then they need to tell the public and the banks this. This is their bailout of banks, little recession, unfunded Bush tax cuts, unfunded military insanity, and unfunded prescription drug give-away in the debt.

    This all comes down to trying to dump the GOP's mess on the Democratic Party. Hell no and hell no to this talk of default. The president has the power to sever all of this mess. He has the 14 Amendment and he has the statutory power of the treasury and he can tell the GOP to stuff their default limit. The public will cheer him for honoring the social contracts of the safety net and the government's contracts.

    •  actually, no (1+ / 0-)
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      The 14th amendment doesn't give the President authority to issue new debt. Nothing in the Constitution gives him that power.

      •  actually the 14th amendment (1+ / 0-)
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        provides the president with the constitutional power to pay the debt already incurred which is what the debt limit is actually about.

        Congress (in some cases long ago authorized and spent the money. the Constitution allows the president to act action to protect the financial interests of the United States according to a lot of Constitutional scholars.

        I am hoping he goes this route if the House GOP tries to default again.

        mittens=edsel. no matter how much money is spent to promote it, if the product sucks, no one will buy it.

        by wewantthetruth on Mon Dec 31, 2012 at 08:54:25 AM PST

        [ Parent ]

        •  no, the debt limit (0+ / 0-)

          is about issuing new debt.

        •  The President disagrees with you. (1+ / 0-)
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          The President believes the Constitution does not give him that authority.

          Q    Okay.  And secondly, can we quickly revisit the debt ceiling question?  You were asked yesterday about whether the President would invoke executive power and the 14th Amendment.  Can you say that --

          MR. CARNEY:  And Peter, with lightning speed, dug up a quote that I thought would take at least a few hours to find.  (Laughter.)  Let me --

          Q    Have you found another one?  (Laughter.)  

          Q    Can you say that the President has ruled that out as an option, or can you say whether there are discussions or studies underway?

          MR. CARNEY:  Let me give you your answer.  I can say that this administration does not believe that the 14th Amendment gives the President the power to ignore the debt ceiling -- period.

      •  actually, yes - you misconstrued what mikeVA said (0+ / 0-)

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