Biden Says He Has Authority to Challenge Debt Limit

[LurchAddams]

He's known this was coming for three years. For two of them he had both a Democratic Senate and House. Democrats have been negligent in doing nothing all that time.

Unfortunately, I have to agree. The same can be said for the GOP not tackling immigration reform when they had all branches under trump - they gave their wealthy donors draconian tax cuts and then thought they were done.

 

[Jarod]

President Biden said on Sunday that he believed he had the authority to challenge the constitutionality of the nation’s borrowing limit but that he did not believe such a challenge could succeed in time to avoid a default on federal debt if lawmakers did not raise the limit soon.

“I think we have the authority,” Mr. Biden said at a news conference after the Group of 7 summit in Hiroshima, Japan. “The question is could it be done and invoked in time.”

https://www.nytimes.com/2023/05/21/us/politics/biden-debt-limit.html

He does have the authority to file a lawsuit requiring Congress follow the constitution. It’s his justice department.

 

[Tinkerpeach]

Unfortunately, I have to agree. The same can be said for the GOP not tackling immigration reform when they had all branches under trump - they gave their wealthy donors draconian tax cuts and then thought they were done.

They put a bill up on immigration but the democrats killed it

 

[SmarterthanYou]

He does have the authority to file a lawsuit requiring Congress follow the constitution. It’s his justice department.

ROFL..............you're pretty stupid, jarod. do you know what the courts will do with that lawsuit, if he files one? they will send it back dismissed because it is NOT the job of the president OR the courts to make congress do their job. That belongs to we the people.

 

[Nordberg]

Debt is just being paid with more debt. It's like running too high a total on your credit cards.

To be the same, you would have to have the power to print your own money. It is not like that at all.

 

[Jarod]

ROFL..............you're pretty stupid, jarod. do you know what the courts will do with that lawsuit, if he files one? they will send it back dismissed because it is NOT the job of the president OR the courts to make congress do their job. That belongs to we the people.

Wrong, it’s done all the time. When Congress runs afoul of the law the justice department files a suit asking the court to force constitutionally of the law.

 

[martin]

Unfortunately, I have to agree. The same can be said for the GOP not tackling immigration reform when they had all branches under trump - they gave their wealthy donors draconian tax cuts and then thought they were done.

It's an obvious opinion if country ahead of party is your viewpoint.

 

[LurchAddams]

It's an obvious opinion if country ahead of party is your viewpoint.

Country ahead of party is an admirable way to be.

 

[Celticguy]

How many times has he claimed authority and been told otherwise ?
SCOTUS should preemptively remove this option.

 

[BidenPresident]

How many times has he claimed authority and been told otherwise ?

Zero times.

 

[SmarterthanYou]

Wrong, it’s done all the time. When Congress runs afoul of the law the justice department files a suit asking the court to force constitutionally of the law.

your problem is that not raising the debt ceiling isn't 'afoul' of the law...........

I would normally say 'I told you so' after the court does exactly what I said it would, but you leftists will simply say it's an illegitimate conservative court.....blah blah blah

 

[Jarod]

your problem is that not raising the debt ceiling isn't 'afoul' of the law...........

I would normally say 'I told you so' after the court does exactly what I said it would, but you leftists will simply say it's an illegitimate conservative court.....blah blah blah

Read the 14th.

 

[Lionfish]

The closer the US gets to the debt ceiling, the more we expect these market-stress indicators to worsen, leading to increased volatility in equity and corporate bond markets and inhibiting firms' ability to finance themselves and engage in the productive investment that is essential for extending the current [economic] expansion,"
Additionally, millions of people would lose their jobs and a sharp economic contraction would lead to a massive recession, the CEA warned.


REALITY COMMENTS
Living on borrowed time, is exactly how to describe our economy...

I think it is time ALL Americans said enough is enough and got rid of our career politicians. Many years ago after FDR won a third term, Congress and the Senate voted to keep the office of President at a two term limit for fear that if a President was in office too long, they would become corrupt or power hungry and out of touch with the American people.
Sounds like Congress and the Senate today. Let's demand that a politician only be allowed to serve either two terms in Congress, two terms in the Senate, or one and one.

It's not a recession. Or depression. The dollar is collapsing. In the end, it doesn't matter how much of it Washington needs, it's how much of the world wants it -- and countries are dumping the greenback in droves. we can only spend what we make or we will go broke and not spending is like saving money. Try telling that to the American government. Good luck!

 

[Nordberg]

The question is why are the reds willing to wreck the economy to score cheap political points with people who apparently have no idea what they are doing? The Reds will crash the economy, because they can and then blame the Dems. Their followers will buy it 100 percent. The Repubs have a shrinking demographic and this may be a shot at growing it. It would hurt a lot of people., but that is just part of the recipe. Make a mess and point at Biden.

 

[SmarterthanYou]

Read the 14th.

AMENDMENT XIV

Section 1.
All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.

Section 2.
Representatives shall be apportioned among the several States according to their respective numbers, counting the whole number of persons in each State, excluding Indians not taxed. But when the right to vote at any election for the choice of electors for President and Vice-President of the United States, Representatives in Congress, the Executive and Judicial officers of a State, or the members of the Legislature thereof, is denied to any of the male inhabitants of such State, being twenty-one years of age, and citizens of the United States, or in any way abridged, except for participation in rebellion, or other crime, the basis of representation therein shall be reduced in the proportion which the number of such male citizens shall bear to the whole number of male citizens twenty-one years of age in such State.

Section 3.
No person shall be a Senator or Representative in Congress, or elector of President and Vice-President, or hold any office, civil or military, under the United States, or under any State, who, having previously taken an oath, as a member of Congress, or as an officer of the United States, or as a member of any State legislature, or as an executive or judicial officer of any State, to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof. But Congress may by a vote of two-thirds of each House, remove such disability.

Section 4.
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. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.

Section 5.
The Congress shall have the power to enforce, by appropriate legislation, the provisions of this article.

now, point out to us EXACTLY where it says that congress is bound, by law, to pay all debts in any manner possible, including being forced to raise the debt ceiling.............

 

[SmarterthanYou]

The question is why are the reds willing to wreck the economy to score cheap political points with people who apparently have no idea what they are doing? The Reds will crash the economy, because they can and then blame the Dems. Their followers will buy it 100 percent. The Repubs have a shrinking demographic and this may be a shot at growing it. It would hurt a lot of people., but that is just part of the recipe. Make a mess and point at Biden.

this is a back and forth game between republicans and democrats..........they both do it and both are willing to see economic pain inflicted on the people to get what they want

 

[Nordberg]

this is a back and forth game between republicans and democrats..........they both do it and both are willing to see economic pain inflicted on the people to get what they want

There has been nothing like this. This is the lowest rung of the Repub party getting power over Mccarthy. He has to dance to MTGs songs of destruction. The Dems have NEVER voted down the debt ceiling The Repubs came close in the past and they may do it this time. This is no both guys do it.

 

[SmarterthanYou]

There has been nothing like this. This is the lowest rung of the Repub party getting power over Mccarthy. He has to dance to MTGs songs of destruction. The Dems have NEVER voted down the debt ceiling The Repubs came close in the past and they may do it this time. This is no both guys do it.

the absolute blind idolatry you leftists display is impressive

 

[Nordberg]

the absolute blind idolatry you leftists display is impressive

The stupid suck-up you do to the right and Trump is long noted. I am telling you what the Constitution says and what Biden does have the power to do. Mccarthy knows what the consequences would be. The MTG types do not care, burning it all down would please them. McCarthy gave away much of his power to get the speakership he wanted so badly. MTG and the other crazies have the power to force a vote on him at any time. Each one of them can do it.
I read some Dems are offering to vote to keep him, speaker, if he does the right thing on the debt ceiling.

 

[QP!]

And, Republicans in the House want limits on future spending enacted as part of setting a new debt limit. That is reasonable. The Democrats on the other hand want to continue to spend with no restrictions and have a higher limit on what amounts to the national credit card. That is unreasonable.

Those two things ARE NOT connected.


Setting a debt limit DOES NOTHING to limit future spending, you simpletons.

Ask yourself why Trump never cared or limited himself to the debt ceiling in his 3 times blowing past it, and then ask yourself if they lower the limit now, how that prevent Trump blowing thru it again in 2024, should he win, and just demanding they raise it.

Answer that question specifically. How does lowering the debt limit now IN ANY WAY limit Trump spending 2, 3 or 10 times more than it is, in the next term, should he win???