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Geithner: Lift Debt Limit to Infinity...
#11
The 14A indicates that the debt ceiling law itself is unconstitutional and should be disregarded.


It says, in part, that the debt of the US is not to be questioned--in other words, no limit can be placed on it.


The President could simply tell the Fed to ignore it completely.

I understand it is a lot easier to say 'Obama sucks' than actually educate yourself about something like this, so go for it . . .

And if you're all jumping on the bandwagon of being strict constitutuionalists, please tell me about the 14th amendment and why we haven't declared the debt ceiling unconstitutional to begin with . . . .
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#12
rmagill;44087 Wrote:
Pocketprotector;44061 Wrote:You are obviously mistaking the Regime as one wanting to fix the problems. Accelerating it is their goal.

Smile That was meant as a rhetorical question, and I do tend to agree with
you.

It was also a rhetorical answer.Salute
"In 4 more OMao years you won't like how America looks....I guarantee it."
“When injustice becomes law, resistance becomes duty.” -- Thomas Jefferson
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#13
rmagill;44024 Wrote:Why not progressively lower the debt ceiling in such a way to force the .gov to cut spending without while allowing the U.S. to function without defaulting?

I mean why have a debt ceiling if they raise it multiple times a year? why waste the money, electricity and paperwork even debating a moot point, apparently, since they're going to raise it anyway.

ReefBlue;44094 Wrote:The 14A indicates that the debt ceiling law itself is unconstitutional and should be disregarded.

It says, in part, that the debt of the US is not to be questioned--in other words, no limit can be placed on it.

The President could simply tell the Fed to ignore it completely.

I understand it is a lot easier to say 'Obama sucks' than actually educate yourself about something like this, so go for it . . .

And if you're all jumping on the bandwagon of being strict constitutuionalists, please tell me about the 14th amendment and why we haven't declared the debt ceiling unconstitutional to begin with . . . .

now, I'm not one who really cares about the constitution or anything, but that's not how I read that amendment.

I believe it says LEGAL DEBT must not be defaulted on. for example, if the president was spending money that congress didn't appropriate, it couldn't be guaranteed by the U.S. consitution via the 14th amendment.
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#14
andrewjs18;44151 Wrote:
rmagill;44024 Wrote:Why not progressively lower the debt ceiling in such a way to force the .gov to cut spending without while allowing the U.S. to function without defaulting?

I mean why have a debt ceiling if they raise it multiple times a year? why waste the money, electricity and paperwork even debating a moot point, apparently, since they're going to raise it anyway.

ReefBlue;44094 Wrote:The 14A indicates that the debt ceiling law itself is unconstitutional and should be disregarded.

It says, in part, that the debt of the US is not to be questioned--in other words, no limit can be placed on it.

The President could simply tell the Fed to ignore it completely.

I understand it is a lot easier to say 'Obama sucks' than actually educate yourself about something like this, so go for it . . .

And if you're all jumping on the bandwagon of being strict constitutuionalists, please tell me about the 14th amendment and why we haven't declared the debt ceiling unconstitutional to begin with . . . .

now, I'm not one who really cares about the constitution or anything, but that's not how I read that amendment.

I believe it says LEGAL DEBT must not be defaulted on. for example, if the president was spending money that congress didn't appropriate, it couldn't be guaranteed by the U.S. consitution via the 14th amendment.

Exactly. The current system is like allowing each driver to set his/her own speed limit whenever they are getting pulled over for speeding. "I know that sign said 55 and I was doing 85, but I can change the speed limit. It is now 95. Have a good day, officer." Rolleyes
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#15
rmagill;44257 Wrote:
andrewjs18;44151 Wrote:I mean why have a debt ceiling if they raise it multiple times a year? why waste the money, electricity and paperwork even debating a moot point, apparently, since they're going to raise it anyway.


now, I'm not one who really cares about the constitution or anything, but that's not how I read that amendment.

I believe it says LEGAL DEBT must not be defaulted on. for example, if the president was spending money that congress didn't appropriate, it couldn't be guaranteed by the U.S. consitution via the 14th amendment.

Exactly. The current system is like allowing each driver to set his/her own speed limit whenever they are getting pulled over for speeding. "I know that sign said 55 and I was doing 85, but I can change the speed limit. It is now 95. Have a good day, officer." Rolleyes

fortunately for us, the person who does 95 in a 55 doesn't harm us! now with government spending..that harms us! Tongue
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#16
ReefBlue;44094 Wrote:The 14A indicates that the debt ceiling law itself is unconstitutional and should be disregarded.


It says, in part, that the debt of the US is not to be questioned--in other words, no limit can be placed on it.


The President could simply tell the Fed to ignore it completely.

I understand it is a lot easier to say 'Obama sucks' than actually educate yourself about something like this, so go for it . . .

And if you're all jumping on the bandwagon of being strict constitutuionalists, please tell me about the 14th amendment and why we haven't declared the debt ceiling unconstitutional to begin with . . . .

No, the 14th amendment does not. Tell me what sentence in the 14th amendment authorizes unlimited borrowing?

None.

This is what it says, in part (speed quoting from a quick search so sue me if it's off by a word or two) "The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. "

It doesn't say "the U.S. can't default" it doesn't say "there can be no limit". No, it simply says that the debt shall be seen as valid, that it shall be authorized by law (debt limits do that), and that the validity of it cannot be questioned. Nothing says "can't downgrade the credit rating", "can't default", or anything of the sort, and I know of no case law stating such either.
IronSight, proud to be a member of pa2a.org since Sep 2012.
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#17
What we need is not a debt limit, but a DEFICIT limit. And that should always be ZERO.
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#18
ReefBlue;44094 Wrote:The 14A indicates that the debt ceiling law itself is unconstitutional and should be disregarded.

I don't care how the Washington academic types do it, but if I were to come home & find that my septic backed up & filled my house with shit, I wouldn't raise my ceilings so the house could hold more.

I'd fix the problem, then get rid of the shit.

Our debt is probably the biggest threat to our national security right now.
"It's hard to imagine a more stupid or dangerous way of making decisions, than to put those decisions in the hands of those who pay no price for being wrong."
Thomas Sowell
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