On the debt ceiling: stop talking and legislate. It will clear the air he’s befouled.
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NBC’s Chuck Todd noted in a long press conference question, “one of the House Democratic leaders, Jim Clyburn, asked you to use the 14th Amendment and even said sometimes that’s what it takes. He brought up the Emancipation Proclamation in saying that they took executive action when Congress wouldn’t act, and he compared the debt ceiling to that.”
The portion of the 14th Amendment to which Clyburn and other Democrats have referred says only, “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.” That language gives the President no authority to ignore and even to violate the statutorily imposed debt limit.
But this is how Latin American dictators behave, stretching legal language beyond reason. All you white bread “progressives” out there, comfortable in your wealthy suburban enclaves, this is what your Democrat party has become, the equivalent of Hugo Chavez’s Socialist Party of Venezuela. And when they come after you, waving irrelevant legal language from somewhere, who is going to defend your property and lifetime savings?
The impeachment of Richard Nixon established that even the President is not above the law. The Constitution requires the President to “take care that the laws be
faithfully executed.… ” That includes the national debt limit statute. If President Obama breaks that law by executive decree, that too would be grounds for impeachment.
Threatening Social Security and
President Obama even descended to threatening America at his press conference,saying, “If Congressional Republicans refuse to pay America’s bills on time, SocialSecurity checks, and veterans benefits will be delayed.” He even threatened to refuse topay our troops.
For years, Democrats charged that if Ronald Reagan were ever elected President, Social Security checks would be threatened. But Reagan served as President for eight years, and the history books record that the Social Security checks all kept coming on time, with no threat from President Reagan. It took the so-called progressive, liberal Democrat, President Obama to threaten not to pay Social Security benefits.
Failing to raise the debt limit at all would not threaten Social Security benefits either. Taxpayers would still be required to pay Social Security payroll taxes, which would cover most Social Security benefits. The remainder can be financed through the Social Security trust funds, which are also backed by the full faith and credit of the
United States, remember?
The Federal IOUs held by the Social Security trust funds are legally counted as part of the national debt subject to the debt limit. One debt instrument under the limit can be replaced by another debt instrument under the limit without going over the limit. So a Social Security trust fund bond, which does not constitute real money that can be spent on anything, can be traded for a federal bond that can be sold to the public for real money, which would finance the remaining Social Security benefits. And that is how Social Security benefits were always planned to be paid when Social Security was in deficit, as it is today.
So President Obama is legally obligated to continue to pay Social Security benefits in full with these funds, even without any increase in the debt limit at all. And
failing to do so would be in violation of the law, and so consequently another impeachable offense.
But President Obama continued with the same deceptive demagoguery in regard to Medicare. He said, “What I will not do is to have that negotiation with a gun to the head of the American people — that unless we get our way, unless you gut Medicare, or Medicaid … we are going to threaten to wreck the entire economy.”
But President Obama and the Democrats already gutted Medicare, cutting trillions in Medicare payments to doctors and hospitals through Obamacare. Because of that, Medicare will soon pay less for health care for seniors than Medicaid pays for health care for welfare mothers and their children. That will mean a sharp decline in the quality and quantity of care for seniors.
It is so good that President Obama is refusing to negotiate with the Republicans over the debt ceiling. Obama has proven untrustworthy, deceptive, and manipulative.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?