Sunday, February 5, 2012

Can President Obama use the 14th Amendment to raise the debt ceiling himself?

It seems that this would be the case, but because of the 5 Republican Supreme Court justices, they may try to screw over Obama if he did so.Can President Obama use the 14th Amendment to raise the debt ceiling himself?No, the 14th Amendment give the President unilateral authority to issue more bonds, it requires him to pay the bond holders first from available revenues. Since current monthly revenues are about $200 billion and only $30 billion is needed to service the debt there are more than enough revenue available.Can President Obama use the 14th Amendment to raise the debt ceiling himself?
No, it's not allowed in the Constitution. Obama is blowing smoke again. Just like he did/does with scaring grandma.

The last two SCOTUS liberal judicial activist appointments (Kagan and Sotomayor) were a shoe in with 5 rino votes:
Graham
Lugar
Snowe
collins
Gregg

The wild card is Kennedy. I kinda think Kennedy will stand by the Constitution and deny Obama, if he were to try.

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.Can President Obama use the 14th Amendment to raise the debt ceiling himself?No, he made a statement several days ago that the 14th amendment doesn't allow the president that kind of power.Can President Obama use the 14th Amendment to raise the debt ceiling himself?
No it isnt legal. He has a few wacky options that could theoretically work (see TIME articles) but they are longshots. The best bet will be for both parties to realize that they are adults and cant always get what they want and come up with a compromise that makes the republicans happy with tax cuts especially to entitlements and makes democrats happy by raising taxes on the wealthy. Both sides wil something and loose something and the debt limit gets increased and the country keeps moving. its not that hard politicians just need to grow up.Can President Obama use the 14th Amendment to raise the debt ceiling himself?He Can.

Then he will be impeached.

That is why he stated his lawyers "Wouldn't recommend that option"Can President Obama use the 14th Amendment to raise the debt ceiling himself?
Screw over Obama? Obama is the one screwing us all.
Last time I checked, those "5 republicans" upheld the second Amendment, which the 4 liberals (2 of which shoved in by Obama) wanted to eliminate.

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