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Use the 14th amendment to raise the debt ceiling or not? Whaddya think?

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Ken Burch Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-11 04:31 PM
Original message
Poll question: Use the 14th amendment to raise the debt ceiling or not? Whaddya think?
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gateley Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-11 04:33 PM
Response to Original message
1. Other. It's not up to me. Obama has the final call, doesn't matter what I want. nt
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Ken Burch Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-11 04:36 PM
Response to Reply #1
2. He said he wanted to hear from us.
Just because he makes the decision doesn't mean he has to be left to do it alone.

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gateley Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-11 04:55 PM
Response to Reply #2
3. Oh, he's heard from me, daily for several weeks. Phone AND e-mail.
To be clear, I'm not sure if this is the way to go, what the ramifications may be if he were to choose this action. The "experts" can't agree, so I certainly don't have the understanding to make a judgment call.

But even if I was gung-ho and convinced this is the way to go, and let him know repeatedly, that doesn't mean he would "see it my way".
MILLIONS (I'm guessing) let him know what they thought about SS/Med being "on the table", but there it stayed.

Carney has already said "no". I don't understand what the continuing discussions/arguments hope to accomplish.
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cbdo2007 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-11 04:57 PM
Response to Reply #1
5. Why are you here if not expressing your opinion?
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fivepennies Donating Member (419 posts) Send PM | Profile | Ignore Wed Jul-27-11 04:56 PM
Response to Original message
4. Obama has said
According to Reuters, White House spokesman Jay Carney told reporters at his briefing Monday that the 14th amendment "is not available" to end the debt ceiling standoff. "There are no easy ways out here. There are no tricks, there is no citing of the Constitution that suddenly allow us to borrow," Carney told reporters, per Reuters. "It's not available."

"The New York Times notes that Obama expressed doubt about the legality of using the 14th amendment to force an extension during remarks last week. "I have talked to my lawyers," said Obama. "They are not persuaded this is a winning argument."

Throwing my own two cents into the mix: if the president was persuaded to use the 14th in this way, he ... and the entire democratic party ... would rue the day. The pubs would ram it up the dems proverbial butts until the twelfth of never as an unconstitutioal act on the part of the Obama administration. And they'd have a case.

jmo

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pampango Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-11 05:02 PM
Response to Reply #4
6. If (and it's a big IF) Obama plans to use the 14th Amendment, he shouldn't telegraph
that intention ahead of time.

Repubs are fighting with teabaggers precisely because they think that something has to be done. If they figure that Obama will save them from responsibility for their stupidity they can just sit back and sing kumbaya with each other. Make them take the threat of default seriously so that Americans can see what teabaggers and republicans are all about.

Then if Obama has to do the "right" thing perhaps the political fallout won't be quite so bad. Otherwise I agree that he and the party may well rue the day.
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fivepennies Donating Member (419 posts) Send PM | Profile | Ignore Wed Jul-27-11 05:09 PM
Response to Reply #6
10. The only "right" thing, IMO,
would be to invoke Article 1, Section 8 and Article 1, Section 10 of the Constitution and nationalize the US currency and banks. Now THAT is constitutional, no question about it.
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BOG PERSON Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-11 05:20 PM
Response to Reply #10
11. how do you nationalize the US currency?
isn't paper money already an IOU from the US government?
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fivepennies Donating Member (419 posts) Send PM | Profile | Ignore Wed Jul-27-11 05:37 PM
Response to Reply #11
14. Paper money is
Edited on Wed Jul-27-11 05:43 PM by fivepennies
Federal Reserve Notes. The US government borrows this "money" from the Federal Reserve = our debt.

Read G. Edward Griffin's "Creature From Jekyll Island" to discover how JP Morgan tricked Congress out of performing their responsibilities to the American people in regard to their financial wellbeing. The writing was on the wall over 80 years ago, it was just parsed in language very few understood. And most people still don't.

Correction - make that over 90 years ago.

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girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-11 05:05 PM
Response to Original message
7. Coin seigniorage is the better option. n/t
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kenny blankenship Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-11 05:06 PM
Response to Original message
8. If Obama does it I will defend him, come what may.
I am interested, theoretically, in the US converting to a unified Parliamentary system, where the President becomes a figurehead like the Queen, and all power rests with the majority party of the most directly elected legislative chamber.

But I am not so interested in LIVING THROUGH the revolutionary period that will accompany that change of government. My standard of living will surely drop in such a financial climate - very possibly to zero.
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BOG PERSON Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-11 05:09 PM
Response to Original message
9. since it might be illegal even according to the White House
i'm going to vote NO
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Ken Burch Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-11 05:29 PM
Response to Reply #9
12. We're currently in illegal wars in Afghanistan, Iraq(still)and Libya
None of those were declared by Congress.
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Zorra Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-11 05:30 PM
Response to Original message
13. President Clinton said that he would do it without hesitation. nt
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