Pages

7 comments

Jump to bottom
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.

^ back to top ^

TwitterFacebook

Turn off all ads for a full year by subscribing!
For about 33 cents a day (per month) or 22 cents a day (per year), our subscription option turns off all advertisements at LGF!
Read more...

► LGF Headlines

  • Loading...

► Tweeted Articles

  • Loading...

► Tweeted Pages

  • Loading...

► Top 10 Comments

  • Loading...

► Bottom Comments

  • Loading...

► Recent Comments

  • Loading...

► Tools/Info

► Tag Cloud

► Contact

You must have Javascript enabled to use the contact form.
Your email:

Subject:

Message:


Messages may be published unless you request otherwise.
Tech Note:
Using the Contact Form
LGF Pages

This button leads to the main index of LGF Pages, our user-submitted articles. You can post your own LGF Pages simply by registering a free account with us.

Create a Page

This 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: 2014-03-07 2:19 pm PST

LGF User's Guide
Recent Pages
Randall Gross
Lawsuit Targets Ford, GM Over Song-Ripping CD Players in Cars
A new music copyright lawsuit against U.S. car manufacturers may be one of the more puzzling rearguard actions fought by the U.S. recording industry in recent memory. The lawsuit has set its sights on Ford and GM for selling ...

2 hours, 9 minutes ago
Views: 74 • Comments: 0
Tweets: 0 • Rating: 1
CriticalDragon1177
Skepchick - Food is for White Liberals What Sex Is For The Religious Right
An interesting commentary by Julia Burke, on the obsession some people on the far left have with food, and how it is similar to how some people on right feel about sex. Do you agree? Do you think the analogy ...

2 days, 7 hours ago
Views: 432 • Comments: 11
Tweets: 1 • Rating: 1
EiMitch
Cracked: 5 Reasons The Classic American Summer is Totally Dead
They could've called this article "Look at how 'supply-side' economics, anti-environmentalism, and all-around pro-oligarch legislation and ideology has destroyed some of the most iconic, classic Americana." cracked.com Oh, and gentrification-based laws are also robbing us of the classic ice-cream truck ...

2 days, 7 hours ago
Views: 316 • Comments: 0
Tweets: 0 • Rating: 3
_RememberTonyC
Qatar, Bergdahl, and Hamas
One thing we have learned in the current conflict is that Hamas has three main sponsors: Turkey, Iran, and Qatar. So when Bergdahl was released and the five taliban bigs were released into the "custody" of Qatar, we basically handed ...

3 days, 1 hour ago
Views: 249 • Comments: 2
Tweets: 0 • Rating: 1
Skip Intro
Outside Money Drives a Deluge of Political Ads
WASHINGTON -- An explosion of spending on political advertising on television -- set to break $2 billion in congressional races, with overall spots up nearly 70 percent since the 2010 midterm election -- is accelerating the rise of moneyed ...

4 days, 11 hours ago
Views: 252 • Comments: 1
Tweets: 4 • Rating: 3
Rightwingconspirator
Washington, D.C., Handgun Carry Ban Is Ruled Unconstitutional
I agree. Bans are not an option. Jurisdictions like DC will just have to deal with the fact that regulation is the path. Bans don't work. Bans are illegal and unwise. It's simple. we as a society have chosen to ...

5 days, 7 hours ago
Views: 598 • Comments: 96
Tweets: 1 • Rating: 6
Romantic Heretic
Preventing Poverty Not Allowed As A Goal for Charity
The Canada Revenue Agency (Canada's equivalent of the IRS) has told OXFAM Canada that it cannot list 'preventing poverty' as a goal, only 'alleviating' it. The reason is "Relieving poverty is charitable, but preventing it is not." This is just ...

1 week ago
Views: 560 • Comments: 12
Tweets: 0 • Rating: 5
FemNaziBitch
Safer Era Tests Wisdom of ‘Broken Windows’ Focus on Minor Crime
While the apparent chokehold fueled much of the initial public outcry, community leaders have begun asking whether focusing police officers so intently on such petty offenses makes sense in a city that is far different and far safer than ...

1 week ago
Views: 463 • Comments: 2
Tweets: 0 • Rating: 1
Mentis Fugit
Frisson
Over at the quirky Riddled blog, I encountered this music video link. I have the album, but I had last listened long ago, and I had forgotten the lyrics. The lengthy, moody intro slowly drew me back thirty five years, ...

1 week, 3 days ago
Views: 310 • Comments: 0
Tweets: 0 • Rating: 0
BadExampleMan
The painful futility of war
This makes me furious. These men pledged their loyalty to their country and their country betrayed them. It treated them as disposable, throwing their lives away in a war that was premised on lies, that was chosen gleefully, and that ...

1 week, 4 days ago
Views: 502 • Comments: 0
Tweets: 1 • Rating: 1
 Frank says:

Whatever you have to do to have a good time, let's get on with it, so long as it doesn't cause a murder.