Did You Know...

   

But of course: Nancy Pelosi supports giving Obama unilateral debt ceiling authority

Share
By Doug Powers  •  December 1, 2012 11:37 AM

**Written by Doug Powers

This isn’t a surprise at all, especially considering that Pelosi not only believes there shouldn’t be a debt ceiling (during Democratic administrations only), but that having a debt limit is unconstitutional.

From the Daily Caller:

Treasury Secretary Timothy Geithner presented a proposal to congressional leaders that raises tax revenues by $1.6 trillion and includes the presidential power to raise the debt ceiling, which is the amount of the government can borrow to pay for legislation passed by Congress.

TheDC asked Pelosi on Friday if she agreed with that aspect of Geitner’s proposal.

“Yes,” Pelosi said at the Capitol, during her weekly press briefing.

The national debt went up over $5 trillion during Pelosi’s speakership, and she’s eagerly looking forward to a time when congress doesn’t have to operate under those kinds of ridiculously tight constraints:

The question was in reference to President Obama and Turbo Tim’s initial bid in the fiscal cliff negotiations, a non-starter that proposed giving the White House unlimited debt spending authority without congressional approval combined with billions in new stimulus spending. Republicans reportedly laughed at the offer, dubbed “déjà vu all over again.”

As for spending cuts side of the equation, on the House floor last week, GOP Rep. Rob Goodall outlined President Obama’s plan:

Update: Those Washington Post headline writers have a good sense of humor.

**Written by Doug Powers

Twitter @ThePowersThatBe

blog comments powered by Disqus
~ For the latest breaking news, be sure to join Michelle's Email List:

Obama: Economic patriotism means we rise or fall together

July 28, 2014 07:37 AM by Doug Powers

gypsy

Wherever we go, whatever we do…

Eleanor Holmes Norton vigorously defends Obama administration’s right to privacy

July 27, 2014 10:47 AM by Doug Powers

holmesnorton

Another Democrat sticks up for the ‘little people’

Speak-os, typos and wackos

July 26, 2014 11:47 AM by Doug Powers

thelmalouise

FACT: Obama boosts labor force participation rate

July 24, 2014 07:55 AM by Doug Powers

labor

War on women


Categories: Barack Obama, Campaign finance

Follow me on Twitter Follow me on Facebook