Pages

Jump to bottom

8 comments

1 EPR-radar  Mon, Jan 14, 2013 3:18:25pm

I remain a fan of the direct approach —- Congress has mandated spending and taxation that is inconsistent with the debt ceiling.

If Congress passes inconsistent laws, then the Executive gets to choose which to follow.

Thus, in my view, it would be perfectly legitimate for the Obama administration to view the debt ceiling as being null and void. Especially given the stupid debt ceiling pet tricks the House Republicans are up to.

Naturally, this sensible approach does not appear to be under consideration in DC.

2 [deleted]  Mon, Jan 14, 2013 3:45:26pm
3 Randall Gross  Mon, Jan 14, 2013 4:33:30pm

This has come into play before, and in all past cases treasury has said it must operate FIFO & that anything else would be illegal. For congress to make such a bill legal, it would have to pass the Senate, go to conference, and then get signed. Toomey’s fantasizing if he’s thinking he can make that happen, it’s as unrealistic as the platinum coin bs.

4 CuriousLurker  Mon, Jan 14, 2013 6:12:41pm

re: #2 cilento

I want to know why you feature all of these asshat people on this site. You will never change the mind of their supporters, all you do is give them a pulpit that they can use on their sites. Can it be you are one of them in disguse?

Piss off, troll. I wonder which asshat’s sock you are—no matter, you’ll probably be gone soon.

5 Obdicut  Mon, Jan 14, 2013 6:23:36pm

re: #2 cilento

Curses, you’ve discovered the secret.

6 Interesting Times  Mon, Jan 14, 2013 6:26:20pm

re: #4 CuriousLurker

Piss off, troll. I wonder which asshat’s sock you are—no matter, you’ll probably be gone soon.

Bwahaha, sure enough, the comment was deleted literally seconds after I read it :P

7 aagcobb  Mon, Jan 14, 2013 8:54:13pm

As I said on another thread about the debt ceiling, while there are Tea Party Congressmen who would welcome the chaos, Boehner and McConnell both know triggering a depression would end the GOP. There will be a last minute deal, as there was with the fiscal cliff. The only question is how much turmoil and damage to the economy will they inflict by flirting with default until the last possible moment.

8 stabby  Tue, Jan 15, 2013 2:23:06am

Prioritization may be illegal.

They mentioned on the radio that the Treasury Dept said last time that it lacked the authority to pay in any manner other than First In First Out.

[Link: www.law.harvard.edu…]

Bad news folks.


This page has been archived.
Comments are closed.

Jump to top

Create a PageThis is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.
Or... you can just click this button to open the Pages posting window right away.
Last updated: 2016-01-01 10:29 am PST
LGF User's Guide RSS Feeds

Help support Little Green Footballs!

Subscribe now for ad-free access!Register and sign in to a free LGF account before subscribing, and your ad-free access will be automatically enabled.

Recent PagesClick to refresh
Wildfire Forces Evacuations Near Carmel, Burns More Than 10,000 Acres Big Sur - The Soberanes Fire is burning out of control south of Carmel and Point Lobos, forcing evacuations in Carmel Highlands and the Palo Colorado Canyon area. The wildland fire had consumed more than 10,000 acres by Sunday ...
Thanos
1 minute ago
Views: 14 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
Analysis: Russia Stays, and Clean Athletes Scratch Heads If this turns out to be Thomas Bach's defining moment, here's what the leader of the International Olympic Committee will be remembered for: keeping Russia as part of the club, but losing the trust of thousands of athletes who ...
Thanos
3 minutes ago
Views: 16 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
Suicide Squad Official Comic-Con Trailer (2016) - Margot Robbie Movie Starring: Will Smith, Margot Robbie, and Jared LetoSuicide Squad Official Comic-Con Trailer (2016) - Margot Robbie Movie A secret government agency recruits imprisoned supervillains to execute dangerous black ops missions in exchange for clemency. Subscribe to TRAILERS: bit.lySubscribe to ...
Thanos
4 hours ago
Views: 76 • Comments: 0 • Rating: 0
Tweets: 2 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
Justice League Official Comic-Con Trailer (2017) - Ben Affleck Movie Starring: Gal Gadot, Jared Leto, Henry CavillJustice League Official Comic-Con Trailer (2017) - Ben Affleck Movie Fueled by his restored faith in humanity and inspired by Superman's selfless act, Bruce Wayne enlists the help of his newfound ally, Diana ...
Thanos
4 hours, 6 minutes ago
Views: 90 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
First Look - Test Flight of Star Trek’s U.S.S. Discovery Revealed at Comic-Con 2016 by Executive Producer Bryan Fuller. Get a sneak peek of the newest ship in the "Star Trek" universe. Star Trek: Discovery premieres January 2017 on the CBS Television Network with the premiere and all subsequent ...
Thanos
4 hours, 10 minutes ago
Views: 94 • Comments: 0 • Rating: 2
Tweets: 1 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
WikiLeaks Just Published Tons of Credit Card and Social Security NumbersSo, this is a thing: The organization has also used that tradition of transparency for less just causes, like today when the site published 19,252 emails from top US Democratic National Committee members, many of which included personal information about ...
jhncsy
6 hours, 4 minutes ago
Views: 97 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
Energized White Supremacists Cheer Trump Convention Message And far from hiding in chat rooms or under white sheets, they cheered the GOP presidential nominee from inside the Republican National Convention over the last week. While not official delegates, they nevertheless obtained credentials to attend the party's ...
Thanos
18 hours, 33 minutes ago
Views: 171 • Comments: 0 • Rating: 0
Tweets: 2 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
Enterprise Pitch for Cisco Ericsson Partnership After seven months of near silence, Cisco and Ericsson executives publicly discussed details on their extensive partnership. Among the tidbits shared by Martin Zander, VP, group strategy programs, Ericsson, and Doug Webster, VP service provider marketing, Cisco: The partnership ...
Thanos
19 hours, 45 minutes ago
Views: 129 • Comments: 0 • Rating: 0
Tweets: 3 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
WONDER WOMAN Comic-Con Trailer Her Fight Is Ours. WATCH the official Comic-Con trailer for #WonderWoman, starring Gal Gadot!--Gal Gadot stars in WONDER WOMAN - in theaters June 2, 2017.Follow #WonderWoman on social media:Facebook: facebook.comTwitter: twitter.comInstagram: instagram.com--WONDER WOMANFrom Warner Bros. Pictures and DC Entertainment ...
Thanos
1 day ago
Views: 169 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
Dem Suggests Race Factored Into Obama Senate Endorsement Democrats should not be making assumptions about identity politics, this year or any other year. But Sanchez on Friday said race may have had something to do with the endorsement. "I think they have, what he said they have, ...
Thanos
1 day, 2 hours ago
Views: 204 • Comments: 3 • Rating: 3
Tweets: 2 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0