Loc: Alexandria, VA
Originally Posted By: DLC
Under the 14th Amendment, he has the right & responsibility to protect the economy and the value of our currency ! He'll raise the debt ceiling wo Congresses approval.
Barry has said repeatedly that the legal foundations of this are shaky at best and that he won't do it. Plus, bonds issued after such a move would also be of questionable value, so, again, he won't do it.
Now, that doesn't mean that he actually won't do it, but I wouldn't pin all my hopes on him unilaterally raising the ceiling ...
I know it's Nikita (after all I saw that live on TV ).... sorry I hadn't heard about BO's stance on the 14th.
BUT I just can't see him letting us go over the cliff. He has something up his sleeve to be so cool and confident, and defiant (rightfully so) after giving in several times before...
ANY thing is better than default !! I think he's put that forward (he won't do it) so that it'll push the GOTP to give in and pass a clean CR and DC. ... either that or to give him 4-6 months to negotiate, NOT 6 weeks which is insane for MANY, MANY reasons !!! He has them in a checkmate position and he's taking EVERY advantage.
Regardless, after this current crisis passes or is kicked down the road, I think Boehner is "Toast" !! His days are numbered. Cantor will throw him under the bus in a heartbeat.
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