Democrats are still pounding on the table, unwilling to do what they claim to want on their own:Comments: President Obama has said that he will not negotiate about the debt ceiling. Reid advocates taking any step necessary to raise the debt ceiling. If Obama unilaterally raises the debt ceiling by Executive Order, or otherwise, without Congressional approval, then we will have a dictatorship. The Democrats want this to happen.
In a letter to Obama yesterday, Senate Majority Leader Harry Reid and three other top Democrats said Obama “must be willing to take any lawful steps to ensure that America does not break its promises and trigger a global economic crisis --without congressional approval, if necessary.”There are no other lawful steps.
There are unlawful steps, of course, but Reid doesn't give a damn about the law. Neither do the others. All have advocated and passed laws that advanced blatantly unlawful actions for decades, and the worst of it in the budget sense is that Reid has violated the one duty The Senate has as an absolute -- to take up and pass a budget.
That the President wishes to spend more than the government takes in, and refuses to address this issue, does not make it something Congress must do.
Wake up Herr Obama; you're not a dictator (yet.)
--http://market-ticker.org/akcs-www?post=216015
I hope it does not, and I don't want to be unduly alarmist, because I think the President will back down. But if he doesn't, and the Republicans don't back down .... unthinkable.
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