More attempts to shift power to the executive office.

[kgbsquirrel]

Emperor President Obama thinks it should be up to him to decide what the debt is, and that congress should only be able to vote no, which he could then just veto. Of course they are only proposing this because congress is being "irresponsible" by not raising the debt ceiling and thus extending the debt slavery to even more future generations.

http://online.wsj.com/article/SB10001424127887323751104578151412497276152.html




Funny, I could swear this slope we're on is starting to get steeper.

[Hutch]

I want to hear the remarks he made about raising the limit during W's administration, over and over again.

[MechAg94]

http://www.examiner.com/article/wall-street-applauds-obama-s-proposal-on-debt-limit-gop-says-no

This doesn't need a login. 

I notice this is also just political games by Republicans.  The news has gotten progressively more one-sided over the last four years. 

[Ben]

http://www.examiner.com/article/wall-street-applauds-obama-s-proposal-on-debt-limit-gop-says-no

This doesn't need a login. 

I notice this is also just political games by Republicans.  The news has gotten progressively more one-sided over the last four years. 

The reporter must have shifted to a parallel universe to get the "facts" for this story. Other than Warren Buffett and a few others, most of Wall Street seems to be pretty dead set against Presidential Carte Blanche on the debt ceiling. This of course is a different discussion than  "tax the rich" which a lot more Wall Street people seem to, sadly, be behind.

[dm1333]

Raising the debt ceiling has absolutely nothing to do with spending money. The debt ceiling just allows the Treasury Department to pay the bills that Congress ran up in previous budgets. It is not new spending; it is just paying our bills.

 

[Scout26]

http://www.examiner.com/article/wall-street-applauds-obama-s-proposal-on-debt-limit-gop-says-no

This doesn't need a login. 

I notice this is also just political games by Republicans.  The news has gotten progressively more one-sided over the last four years. 

IIRC, spending bills originate in the HOR.

[longeyes]

I give this administration six months at the outside to jump the shark.

[Ron]

I give this administration six months at the outside to jump the shark.

Jumping the shark implies people are still watching the show.

I'm not sure who is even tuned in to notice anymore.

[longeyes]

What is coming--sharkjumpingwise--will definitely get people's attention.  This regime is going to go too far by half.

[Cliffh]

What is coming--sharkjumpingwise--will definitely get people's attention.  This regime is going to go too far by half.

But is anyone going to do anything about it?  If some do, will the opposition be strong enough to stop it?

[RoadKingLarry]

What is coming--sharkjumpingwise--will definitely get people's attention.  This regime is going to go too far by half.

If they do it super-Dooper bowl weekend nobody will notice unless it pre-empts the game.

[AZRedhawk44]

If they do it super-Dooper bowl weekend nobody will notice unless it pre-empts the game.

Soup?  Bowls?  There's going to be free food?  Awesome!

[TommyGunn]

Emperor President Obama thinks it should be up to him to decide what the debt is, and that congress should only be able to vote no, which he could then just veto. Of course they are only proposing this because congress is being "irresponsible" by not raising the debt ceiling and thus extending the debt slavery to even more future generations....... Funny, I could swear this slope we're on is starting to get steeper.

I actually think this is a good thing to do and it SHOULD HAPPEN.
I also have a name for the law that should be passed to do it;
"The Enabling Act, Part zwei."

[longeyes]

If they do it super-Dooper bowl weekend nobody will notice unless it pre-empts the game.

Maybe it will be the game.

[Waitone]

I think Obama has already jumped the shark with his demand for sole authority to raise the nation's debt limit without bothering congress.  I can't think of anything any more stupid than that except for  . . . . . Obamacare.  Never mind, he'll get his wish given republican tendency to fold like a cheap suit.

[AZRedhawk44]

I think Obama has already jumped the shark with his demand for sole authority to raise the nation's debt limit without bothering congress.  I can't think of anything any more stupid than that except for  . . . . . Obamacare.  Never mind, he'll get his wish given republican tendency to fold like a cheap suit.

Just let it crash.  Better now, than later.