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CuteOldGuy · 07-10-2011, 12:27 AM

These guys are right. The Constitution makes the debt ceiling debate irrelevant. If Congress wants to stop spending, then they need to start earning their pay and make some hard choices. Or continue to spend us into oblivion. Either way, they can't rely on an arbitrary debt ceiling to save their ass.

http://news.yahoo.com/obscure-clause...172136367.html

JD Barleycorn · 07-10-2011, 09:39 AM

The Constitution is very specific; the Congress is responsible for spending and not the executive branch. The Congress can raise taxes (or lower), create tariffs (or cancel), establish programs requested by the executive branch (or not) but only the C.ongress can spend the money. Any money spent by the executive branch comes from monies authorized by Congress. The argument that the 14th amendment circumvents Article 1, section 8 has been shown to be a parody of the understanding of the Constitution.

CuteOldGuy · 07-10-2011, 11:00 AM

I don't know if there is any "controlling legal authority" which shows my reading of the 14th Amendment is in error. This will likely be the first case concerning that clause. However, we are discussing monies already committed by Congress. If they have changed their mind about following through (and I hope they do), then they need to enact appropriate legislation.

kcbigpapa · 07-10-2011, 11:22 AM

Quote:

Originally Posted by CuteOldGuy

I don't know if there is any "controlling legal authority" which shows my reading of the 14th Amendment is in error.

I'll check Wikipedia and let you know.

CuteOldGuy · 07-10-2011, 11:31 AM

Thank you Papa. LOL. And God Bless!

kcbigpapa · 07-10-2011, 12:27 PM

COG, Wikipedia said you were wrong... as normal.

JD Barleycorn · 07-10-2011, 02:36 PM

Wait! Who's wrong? Me or COG? Sometimes I forget who I am today.

kcbigpapa · 07-10-2011, 03:04 PM

Quote:

Originally Posted by JD Barleycorn

Wait! Who's wrong? Me or COG? Sometimes I forget who I am today.

Are you saying you have multiple personalities?

CuteOldGuy · 07-10-2011, 04:16 PM

JD, you are John Galt, remember?

JD Barleycorn · 07-10-2011, 08:22 PM

I have been informed by YOU that I have multiple personalities. Are you now saying that YOU were in error?

SinsOfTheFlesh · 07-10-2011, 09:18 PM

JD...if you are in fact John Galt, as well as others, does this mean I would get to charge you a group rate if I see you??

CuteOldGuy · 07-10-2011, 10:11 PM

LOL JD, I never said you were Galt, I was making a joke since so many others on here think you are. I think you are Catnip's evil twin.

JD Barleycorn · 07-11-2011, 04:59 PM

If I ever saw Sins of Flesh JG will have to get his own woman.

Longermonger · 07-12-2011, 04:23 AM

Quote:

Originally Posted by JD Barleycorn

The Constitution is very specific; the Congress is responsible for spending and not the executive branch. The Congress can raise taxes (or lower), create tariffs (or cancel), establish programs requested by the executive branch (or not) but only the C.ongress can spend the money. Any money spent by the executive branch comes from monies authorized by Congress. The argument that the 14th amendment circumvents Article 1, section 8 has been shown to be a parody of the understanding of the Constitution.

http://live.washingtonpost.com/14th-...ling-chat.html

Not so fast!

First, I think now would be a good time for you to invest in gold.
Second, "Yosemite National Park presented by Doritos" has a nice ring to it.
Third, Obama can just print money and blame the Republicans all the way until election day. I'm sure people will get pissed that they have to pay higher interest rates with smaller dollars.

JD Barleycorn · 07-12-2011, 09:48 AM

I already have a stash of precious metals hidden away.