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View Diary: White House warns of economic crisis if Congress fails to raise debt limit (79 comments)

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  •  Can't Obama use his Constitutional Authority (2+ / 0-)
    Recommended by:
    Dalek Sec, psyched

    and give an Executive Order to Geightner (sp?) to ignore the debt liimit.

    I saw an article somewhere where this would be supported by the constitution.

    "the full faith of the government's debt shall not be violated" or something like that that's right there in the Constitution...

    Maybe that's his play if everything falls apart...

    •  I wonder if that's the Republican strategy (1+ / 0-)
      Recommended by:

      Let them whine and moan about "Executive Tyranny" while secretly sighing with relief if they never have to vote on the debt limit again.

    •  if money has been appropriated then (0+ / 0-)

      arguably the President can keep spending. But he then just becomes the bogey man the teabaggers wail about.

      I heard Sen. Kyl (R-Moron) saying that we can't default because 'it's in the Constitution.'

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