Fogbow

Slim Cognito wrote: ↑Fri Oct 15, 2021 7:22 pm She's not getting reelected. I don't know if an R or a D will take the spot in '24 but it won't be her.

fierceredpanda wrote: ↑Sat Oct 16, 2021 9:06 am

She doesn't care. She'll have a cushy job lined up at some K Street lobbying outfit doing very little work for an obscene salary - Corporate America's reward for her basically single-handedly derailing Joe Biden's presidency. Her endgame is not that hard to anticipate.

2) Invoke the 14th Amendment

Some legal scholars have argued that Section 4 of the 14th Amendment, which specifies that “the validity of the public debt of the United States, authorized by law ... shall not be questioned,” renders the debt ceiling unconstitutional, as it threatens the validity of the US’s public debts by creating the possibility of default.

This is hardly a consensus position among constitutional law experts, but if Biden were to declare he was ignoring the debt ceiling because it’s unconstitutional, it’s not clear that anyone would have legal standing to sue him and challenge the decision. That helped encourage a number of political actors, from then-House Minority Leader Nancy Pelosi to former President Bill Clinton, to urge Obama to invoke the 14th Amendment during his debt ceiling showdowns.

Obama declined repeatedly, arguing in 2013 that “if you start having a situation in which there’s legal controversy about the US Treasury’s authority to issue debt, the damage will have been done, even if that were constitutional, because people wouldn’t be sure.”

Rep. Matt Gaetz @RepMattGaetz wrote: Today we are sending a clear message to Joe Biden: there will be no increase in the debt limit without significant spending cuts.

House Republicans have laid out a budget plan that does not cut Social Security or Medicare, but that attacks a woke and weaponized government that hurts the economic security of the American people.

A statutorily imposed debt ceiling has been in effect since 1917 when the US Congress passed the Second Liberty Bond Act. Before 1917 there was no debt ceiling in force, but there were parliamentary procedural limitations on the amount of debt that could be issued by the government.

Except for about a year during 1835–1836, the United States has continuously had a fluctuating public debt since the US Constitution legally went into effect on March 4, 1789. Debts incurred during the American Revolutionary War and under the Articles of Confederation led to the first yearly report on the amount of the debt ($75,463,476.52 on January 1, 1791[1]). The national debt, as expressed in absolute dollars, has increased under every presidential administration since Herbert Hoover.

Depending on who is doing the research, it is said that the US has raised its debt ceiling (in some form or other) at least 90 times in the 20th century.[13]

The debt ceiling was raised 74 times from March 1962 to May 2011,[14] including 18 times under Ronald Reagan, eight times under Bill Clinton, seven times under George W. Bush, and five times under Barack Obama. In practice, the debt ceiling has never been reduced, even though the public debt itself may have reduced.

Congress has raised the debt ceiling 14 times from 2001 to 2016. The debt ceiling was raised a total of 7 times (total increase of $5365bil) during Pres. Bush's eight-year term and it was raised 11 times (as of 03/2015 a total increase of $6498bil) during Pres. Obama's eight years in office.

pjhimself wrote: ↑Wed Mar 29, 2023 6:11 pm
The point I’m trying to make is that both parties have broken their own 1917 legislation many times and we the voters allow them to get away with it along with all the other laws they exempt themselves with.

RNC Research @RNCResearch wrote: "I don't know what more I can do," says @SpeakerMcCarthy after asking "to sit down with [Biden] for months."

"I would bring the lunch to the White House. I would make it soft food if that's what he wants!"

Senator John Thune @SenJohnThune wrote: Let me be clear: The only debt limit deal that can pass the Senate will be something that is agreeable to both House Republicans and the White House.

If nothing changes, President Biden will be responsible for the first ever default on our national debt.