Do you agree with Obama’s Treasury Counsel that only a 25 seat GOP House Majority can raise the debt ceiling?

“Thе Constitution explicitly places thе borrowing authority wіth Congress, nοt thе President,” Treasury Department General Counsel George W. Madison wrote.

“Lіkе еνеrу previous Secretary οf thе Treasury whο hаѕ confronted thе qυеѕtіοn, Secretary Geithner hаѕ always viewed thе debt limit аѕ a binding legal constraint thаt саn οnlу bе raised bу Congress.”

http://thehill.com/homenews/administration/170555-legality-οf-14th-amendment-solution-under-fire

Tags: agree, ceiling, counsel, Debt, house, Majority, Obama's, Only, raise., seat, Treasury

5 Responses to “Do you agree with Obama’s Treasury Counsel that only a 25 seat GOP House Majority can raise the debt ceiling?”

1. John E says:

   August 18, 2011 at 11:15 am

   Make it stop, the “same question in different form” GITMO action.
2. Luka Cicin-Sain says:

   August 18, 2011 at 11:43 am

   Geithner is a Republican in disguise and Obama is the most conservative president that came into office as a Dem. And even he cannot negotiate with the right wing extremists in the GOP. Makes you proud, where your lot brought the country, right?

   EDIT: Imagine how proud you will be after 08/02 when the nation defaults. . .
3. Abraham Lincoln says:

   August 18, 2011 at 12:12 pm

   That is correct. Congress is the only entity to tax and change the budget. Increasing the debt ceiling is in fact a portion of “tax”.

   .
4. Bob Rat says:

   August 18, 2011 at 12:44 pm

   Then why did Bush go on an international money begging tour in 2006, visiting Saudi Arabia, Russia and China, who then loaned him 2 trillion more dollars?
5. Capn Eddie says:

   August 18, 2011 at 12:46 pm

   The sound of breaking glass you just heard was the president officially throwing the Constitution out the window. . . .