House Democrats said Wednesday that President Barack Obama should invoke a little-known constitutional provision to prevent the nation from going into default if Congress fails to come up with a plan to raise the debt ceiling.
Rep. James Clyburn of South Carolina, a member of the Democratic leadership, said he told fellow Democrats that Obama should both veto any House GOP plan for a short-term extension of the debt ceiling and invoke the 14th amendment, which says that the validity of the nation’s public debt “shall not be questioned.”
CONTINUED: http://www.theblaze.com/stories/democrats-call-on-obama-to-ignore-congress-on-debt-invoke-14th-amendment/
Showing posts with label debt crisis. Show all posts
Showing posts with label debt crisis. Show all posts
Wednesday, July 27, 2011
Monday, July 25, 2011
RSC Update: Still Only One Plan Solves the Problem
Monday, July 25, 2011
From the Chairman
Several weeks ago, S&P threatened to downgrade the U.S.’s AAA credit rating unless Washington comes up with a “credible solution” that saves at least $4 trillion and can be “enacted and maintained throughout the decade.” What does that mean exactly? It means any “deal” that relies on promises alone will not suffice because promises to cut spending later usually vanish into thin air. Only a Balanced Budget Amendment provides the permanence necessary to meet S&P’s standards. In other words, only the Cut, Cap, and Balance Act will protect our AAA credit rating and actually solve our debt problem.
A bipartisan “Gang of 234” in the House – with the support of two-thirds of Americans – approved the Cut, Cap, and Balance Act last week. Senate Democrats, however, used a procedural vote to halt debate on the measure. In the days since, the conversation has shifted to finding a “deal” to raise the debt ceiling rather than a solution to solve our debt problems. The credit rating agencies and the American public don’t just want a “deal” though. They want a real solution. Since Cut, Cap, and Balance is the only actual solution on the table, it’s the only plan I support.
49 out of the 50 states have to meet some form of balanced budget requirement. It’s time Washington was forced to do the same and finally live within its means.
God Bless,
Congressman Jim Jordan
Chairman, Republican Study Committee
1524 Longworth House Office Building
Washington, DC 20515
(202) 226-9717
rsc.jordan.house.gov
http://www.facebook.com/republicanstudycommittee
From the Chairman
Several weeks ago, S&P threatened to downgrade the U.S.’s AAA credit rating unless Washington comes up with a “credible solution” that saves at least $4 trillion and can be “enacted and maintained throughout the decade.” What does that mean exactly? It means any “deal” that relies on promises alone will not suffice because promises to cut spending later usually vanish into thin air. Only a Balanced Budget Amendment provides the permanence necessary to meet S&P’s standards. In other words, only the Cut, Cap, and Balance Act will protect our AAA credit rating and actually solve our debt problem.
A bipartisan “Gang of 234” in the House – with the support of two-thirds of Americans – approved the Cut, Cap, and Balance Act last week. Senate Democrats, however, used a procedural vote to halt debate on the measure. In the days since, the conversation has shifted to finding a “deal” to raise the debt ceiling rather than a solution to solve our debt problems. The credit rating agencies and the American public don’t just want a “deal” though. They want a real solution. Since Cut, Cap, and Balance is the only actual solution on the table, it’s the only plan I support.
49 out of the 50 states have to meet some form of balanced budget requirement. It’s time Washington was forced to do the same and finally live within its means.
God Bless,
Congressman Jim Jordan
Chairman, Republican Study Committee
1524 Longworth House Office Building
Washington, DC 20515
(202) 226-9717
rsc.jordan.house.gov
http://www.facebook.com/republicanstudycommittee
If Debt Is The Enemy Then There Are Traitors Among Us
Liberty Extra
By Frank Salvato,
The so-called “debt ceiling default crisis” continues to loom, with enough Progressive-Leftist demagoguery in the air to choke a horse, or, in this case, kill an economy. I roll my eyes at the term “debt ceiling default crisis” because the honest man – an increasingly rare species in federal government – understands that there can only be a crisis should President Obama choose to create one. That said, Republicans, TEA Partiers and Conservatives are in danger of doing the right thing in refusing to enable more debt, but losing the public relations war to what amounts to the traitors among us due to chronic messaging impotency.
CONTINUED: http://news.libertyextra.com/?v6nUWwvePCjAW4ekFTyNTg16dmt9GfyLv
By Frank Salvato,
The so-called “debt ceiling default crisis” continues to loom, with enough Progressive-Leftist demagoguery in the air to choke a horse, or, in this case, kill an economy. I roll my eyes at the term “debt ceiling default crisis” because the honest man – an increasingly rare species in federal government – understands that there can only be a crisis should President Obama choose to create one. That said, Republicans, TEA Partiers and Conservatives are in danger of doing the right thing in refusing to enable more debt, but losing the public relations war to what amounts to the traitors among us due to chronic messaging impotency.
CONTINUED: http://news.libertyextra.com/?v6nUWwvePCjAW4ekFTyNTg16dmt9GfyLv
Why the EPA Train Wreck Must Be Stopped!
Behind the scenes, while Washington and the United States focus on the debt crisis, President Obama’s EPA has been quietly implementing one of the most radical and costly policies of his administration. Ever since the failure of cap-and-trade, the administration has turned to the EPA to carry out its radical environmental agenda. Immediately after the 2010 election Obama was quoted saying “Cap-and-trade was just one way of skinning the cat; it was not the only way.” The EPA is in the process of completing and finalizing 30 major regulations and 170 major policy rules that would impose hundreds of billions of dollars of compliance costs on the economy, killing jobs and threatening the economic recovery. Because of the disastrous affects that the EPA’s new regulations will have on the already struggling economy, many have taken to calling the administration’s aggressive stance the “EPA train wreck.”
CONTINUED: http://www.freedomworks.org/publications/end-of-the-line?src=nl
CONTINUED: http://www.freedomworks.org/publications/end-of-the-line?src=nl
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