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President Obama… Is That a Spine?

Increasingly frustrated with Republican obstructionism, President Obama is finally doing something he should have been doing all along…

Getting out that rhetorical 2 x 4.

President Obama lashes out at Republicans: Raise taxes for the rich, don’t cut services for middle class

President Obama ratcheted up rhetoric in the heated deficit talks Saturday, challenging Republicans to support students and seniors rather than the rich.

Obama acknowledged that tough choices would be required as the budget deadline approached – and drew a stark contrast between the alleged priorities of the two parties.

“Now, it would be nice if we could keep every tax break, but we can’t afford them,” said Obama in his weekly radio address. “Because if we choose to keep those tax breaks for millionaires and billionaires, or for hedge fund managers and corporate jet owners, or for oil and gas companies pulling in huge profits without our help – then we’ll have to make even deeper cuts somewhere else.”

Obama echoed his frustrated remarks from his press conference last week, saying that sacrifices would be forced onto the backs of the less-fortunate if the Republicans would not consider taxes on the wealthy.

“We’ve got to say to a student, ‘You don’t get a college scholarship,'” he said. “We have to say to a medical researcher, ‘You can’t do that cancer research.’ We might have to tell seniors, ‘You have to pay more for Medicare.'”

“That isn’t right and it isn’t smart,” Obama said.

The President praised the first round of bipartisan deficit talks – led by Vice President Biden – that identified $1 trillion in possible cuts.

But negotiations stalled last week after Republicans refused to consider any tax increases. The Senate cancelled a planned recess next week to keep budget talks alive.

Federal officials said that he nation will reach its debt ceiling in early August and would no longer be able to borrow money to keep the government working. White House officials have said a preliminary deal must be reached by July 22 to guarantee there would not be a shutdown.

I don’t believe you wanna get up and dance…

 
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Posted by on July 2, 2011 in Domestic terrorism

 

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14th Amendment to The Rescue? Debt Ceiling…

Sweet Justice that the Amendment to the Constitution granting full citizenship rights to former slaves, which yesteryear’s Republicans passed, and is stoutly opposed by todays perverted version of Republicans who wish they could repeal it.

May again save the Union…

Digging Out of the Mess Republican Conservatism Created

This time from modern day Republicans bent on destroying the country.

14th Amendment: Democratic Senators See Debt Ceiling As Unconstitutional

Growing increasingly pessimistic about the prospects for a deal that would raise the debt ceiling, Democratic senators are revisiting a solution to the crisis that rests on a simple proposition: The debt ceiling itself is unconstitutional.

“The validity of the public debt of the United States, authorized by law… shall not be questioned,” reads the 14th Amendment.

“This is an issue that’s been raised in some private debate between senators as to whether in fact we can default, or whether that provision of the Constitution can be held up as preventing default,” Sen. Chris Coons (D-Del.), an attorney, told The Huffington Post Tuesday. “I don’t think, as of a couple weeks ago, when this was first raised, it was seen as a pressing option. But I’ll tell you that it’s going to get a pretty strong second look as a way of saying, ‘Is there some way to save us from ourselves?'”

By declaring the debt ceiling unconstitutional, the White House could continue to meet its financial obligations, leaving Tea Party-backed Republicans in the difficult position of arguing against the plain wording of the Constitution. Bipartisan negotiators are debating the size of the cuts, now in the trillions, that will come along with raising the debt ceiling.

Sen. Patty Murray (D-Wash.), head of the Democratic Senatorial Campaign Committee, said that the constitutional solution puts the question in its proper context — that the debate is over paying past debts, not over future spending.

“The way everybody talks about this is that we need to raise the debt ceiling. What we’re really saying is, ‘We have to pay our bills,'” Murray said. The 14th Amendment approach is “fascinating,” she added.

The White House referred questions on the constitutionality of the debt ceiling to the Treasury Department. Treasury declined to comment…

The 14th Amendment became law in the wake of the Civil War, pushed by a Republican Congress eager to extend citizenship rights to freed slaves. But it also included a section dealing with federal debt: The government wanted to make clear to the market that even though loans to the Confederacy would not be paid back, any loans made to the U.S. government were still good.

In 1935, the Supreme Court held that despite the Civil War context, the amendment clearly referred to all federal debt.

“While [the 14th Amendment] was undoubtedly inspired by the desire to put beyond question the obligations of the government issued during the Civil War, its language indicates a broader connotation,” the majority wrote in Perry v. U.S. “We regard it as confirmatory of a fundamental principle which applies as well to the government bonds in question, and to others duly authorized by the Congress as to those issued before the amendment was adopted. Nor can we perceive any reason for not considering the expression ‘the validity of the public debt’ as embracing whatever concerns the integrity of the public obligations.”

The law at issue, which tried to override the validity of a bond offering, “went beyond the congressional power,” the Court ruled, setting a precedent that has not been overturned.

Because the government borrows based on its full faith, Congress doesn’t have the authority to undermine that confidence by reneging on its obligation to its lenders, the ruling declared.

“To say that the Congress may withdraw or ignore that pledge is to assume that the Constitution contemplates a vain promise; a pledge having no other sanction than the pleasure and convenience of the pledgor,” reads the opinion, delivered by Chief Justice Charles Evans Hughes. “This Court has given no sanction to such a conception of the obligations of our government.”

President Barack Obama, who taught constitutional law, hasn’t been afraid to assert executive authority. Most recently, he issued what amounted to a legal analysis defending the White House position that the military’s operations in Libya were not in violation of the War Powers Act…

 

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How Conservatives Killed The American Dream

Folks who have been reading my blog for a while know that it is my position that the most destructive force in America the last 50 years or so has been conservatism. Especially that brand of conservatism evinced since Raygun, which for all intents and purposes has gutted the American Economy and destroyed the American Dream.Republican intransigence, lunacy, and ignorance may well have doomed the US to a repeat of the Great Depression.

relativemobilityinternational.jpg

Upward Mobility. The US now lags much of Europe.

Source here.

Almost all of that precipitous fall has occurred, beginning on Raygun’s watch. Finally – a Republican ‘fesses up –

Reagan insider: ‘GOP destroyed U.S. economy’

Reagan Republican: the GOP should file for bankruptcy

Stockman rushes into the ring swinging like a boxer: “If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing. The nation’s public debt … will soon reach $18 trillion.” It screams “out for austerity and sacrifice.” But instead, the GOP insists “that the nation’s wealthiest taxpayers be spared even a three-percentage-point rate increase.”

In the past 40 years Republican ideology has gone from solid principles to hype and slogans. Stockman says: “Republicans used to believe that prosperity depended upon the regular balancing of accounts — in government, in international trade, on the ledgers of central banks and in the financial affairs of private households and businesses too.”

No more. Today there’s a “new catechism” that’s “little more than money printing and deficit finance, vulgar Keynesianism robed in the ideological vestments of the prosperous classes” making a mockery of GOP ideals. Worse, it has resulted in “serial financial bubbles and Wall Street depredations that have crippled our economy.” Yes, GOP ideals backfired, crippling our economy.

Stockman’s indictment warns that the Republican party’s “new policy doctrines have caused four great deformations of the national economy, and modern Republicans have turned a blind eye to each one:” Read the rest of this entry »

 
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Posted by on August 13, 2010 in Stupid Republican Tricks

 

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