What happens after we get a deal on the fiscal cliff? If Republicans are to be believed, we'll just sail right into a second crisis, this time over raising the debt ceiling. They're insisting that, once again, they'll refuse to raise the ceiling unless President Obama agrees to massive spending cuts.
is this not divide and conquer ? pitting the middle class against the poor and both against the rich it didn't work weren't they there that ideology coupled with all things right wing cost them the election.
they claim change and ramp up the same idiology this time with all eyes on them they either think like that ACA 33 attempts to kill it and they are rallying for the 34th, insanity or just arrogant stupidity?
We'll see. But it's worth pondering what Obama's options are for simply ignoring the debt ceiling and continuing to spend money regardless of whether Republicans agree to raise it. Several theories have been floating around since the first debt ceiling crisis last year. Here they are:
The 14th Amendment. Under this theory, the president would simply invoke the 14th Amendment, which says, "The validity of the public debt of the United States, authorized by law [...] shall not be questioned." Bill Clinton thinks this would work, but it strikes me as unlikely. Even if the debt ceiling isn't raised, the public debt is still valid and the Treasury can continue to pay it. Lots of other spending would have to be cut, but not debt payments.
one glaring point they never did this before this admin the Black Pres.'s admin, feeling that hmmmmm yet?
