tag:blogger.com,1999:blog-4900303239154048192.post3202252480479480132..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: A Paranoid Thought: Suppose the Republicans Are SmartUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4900303239154048192.post-64834415607724137762011-06-06T23:52:43.383-04:002011-06-06T23:52:43.383-04:00It is impossible for the administration to _NOT_ &...It is impossible for the administration to _NOT_ "flub it" politically. Anything the administration does will be illegal or it will result in the end of the US government as we have known it. The president can issue an executive order to ignore the debt limit law and he will be immediately impeached by the Republican majority in the House. But the Senate will not remove him. There will also be legal challenges that will be fast tracked to the Supremes. It is unlikely that Obama wants to put himself in the hands of the current rightarded court.<br /><br />But perhaps I am wrong. To ignore the "debt limit" law and make the congress accountable for its budget(s) and its rules concerning all deficits must be financed via Treasury securities, is the correct thing to do. But I do not know if that is LEGAL. Seems to me that the congress has shirked its responsibility to create clear and consistent laws.TheTruckerhttps://www.blogger.com/profile/10346127768102862741noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-29528363363763878132011-06-06T14:51:08.057-04:002011-06-06T14:51:08.057-04:00The other part of the argument is to refuse to rai...The other part of the argument is to refuse to raise the debt ceiling and hope the administration flubs it and lets this allow a default bringing on another financial crash, which can really put us into that recession that can bring B.O. down.Barkley Rosserhttps://www.blogger.com/profile/13114257724762074636noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-87717459210082588222011-06-04T13:04:29.055-04:002011-06-04T13:04:29.055-04:00The real life example of the euro and the European...The real life example of the euro and the European austerity should have served but didn't. We are now entering the phase of Republican induced uncertainty with the "debt limit". The Republican economic yes men will now be pointing to the mess and claiming victory for the "uncertainty" thesis and fear of tax increases. Obama and the Democrats will hide under the bed and hope things get better.TheTruckerhttps://www.blogger.com/profile/10346127768102862741noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-35720047833776450022011-06-04T12:46:37.191-04:002011-06-04T12:46:37.191-04:00The GOP Strategy Centre just called. They want the...The GOP Strategy Centre just called. They want their policy memo back...Darohttps://www.blogger.com/profile/02965288170032365125noreply@blogger.com