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View Diary: The 14th Amendment Clearly Gives Obama the Right to Raise the Debt Ceiling (52 comments)

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  •  Confusing the roles of Leg & Exec? (4+ / 0-)
    Recommended by:
    DRo, eagleray, RenMin, OrganizedCrime

    The legislature writes the laws and incurs the debts.  The executive branch pays them via the Treasury.
    I don't see what the problem is.
    The president seems to me to be fully in his authority to say "kids, you're scaring the financial markets and risking the savings of our citizens.  It's not your job to pay debts--you create debts with legislation.  It's my job to pay those debts.  I'm going to pay the bills for the expenses you passed into law"

    We kidnap. We torture. It's our policy. Embrace it or end it!

    by Mosquito Pilot on Fri Sep 27, 2013 at 04:14:59 AM PDT

    •  congress authorizes spending, (0+ / 0-)

      it doesn't incur debt.

      •  right..... (0+ / 0-)

        ....and if the spending authorized is greater than funds available debt is created.  Seems you're making a distinction without a difference.

        My point is that the Treasury is part of the Executive branch.  Obama can simply tell the markets--"don't sweat it, I'll sign the checks".  That's how executive power is wielded.

        Congress may not like that.  Congress may raise hell.  But all of that will be after the fact.  

        The "crisis"  is manufactured and both the Legislative and Executive branches are playing a part in that.

        We kidnap. We torture. It's our policy. Embrace it or end it!

        by Mosquito Pilot on Fri Sep 27, 2013 at 07:13:42 AM PDT

        [ Parent ]

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