I read what you wrote. You tend to get panicky. My response was to the thread posted.
Here's the President doubting the constitutionality of the 14th Amendment. Again, we went thru this 6 months or more ago. Yeah, the article doesn't go thru why its unconstitutional but its from the President's mouth. You know, he's a constitutional lawyer and not shy on using Executive Orders.
BTW, Slate is about as reputable as Breitbart.
http://talkingpointsmemo.com/livewir...g-debt-ceiling
Originally Posted by gnadfly
Die you even read the link you posted?
Obama never said he didn't have the power to do it. His only concern was the political ramifications of it. That is essentially what I said.
Quote:
-----------------------------------
"
Setting aside the legal analysis, what matters is is that if you start having a situation in which there's legal controversy about the U.S. Treasury's authority to issue debt, the damage will have been done even if that were constitutional because people wouldn't be sure. It would be tied up in litigation for a long time. That's going to make people nervous."
"So a lot of the strategies that people have talked about, well the president can roll out a big coin, or he can resort to some other constitutional measure," he added. "
What people ignore is that ultimately what matters is, 'What are the people who are buying treasury bills think?'"
--------------------------------------
As for competent journalism, Slate is head and shoulders above Breitbart, even if it is left-leaning magazine. And the author, Eric Posner, is a calm intellectual, not a knucklehead firebrand. And he is the son of Richard Posner, so he comes from conservative intellectual stock.
And I don't "tend" to get panicky. I just recognize reckless idiots playing chicken with the economy.
What does concern me is that the GOP is going to come out of this looking bad. They will get nothing significant out of Obama and they will look weakened.
All because of know-nothing, single issue debt fanatics, who really don't understand what they are doing.