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Please don't submit anything involving that vapid, insipid airhead pelosi in the future.
I think it is constitutional but wouldn't be surprised if obama claimed that it wasn't....pretty much his modus operandi in so far as not caring about what is in the constitution and in fact considers it a document of negative liberties but I don't want to write a book here.....
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
Posts: 796 since Oct 2009
On Elitetrader.com, what happened with open discussion threads, is they were finally moved into main categories so that traders seeking trading threads could find them, and concentrate upon them,
and not get them confused with political discussion threads, like this one.
perhaps we can have one of the Administrators, move this discussion to the Political category
that way such a discussion that has nothing to do with strategies towards trades or potential trades can receive others seeking political discussions, whether pro or con / against the present or future administration or contenders for the next administration
I think the framers of the Constitution would have liked to tar and feather Nancy Pelosi in the public square just for saying stupid things. I also think the framers could never imagine taxing it citizens at the levels Pelosi and gang want to fund out of control spending binges for which they want to raise the debt ceiling.
Where has common sense gone.
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
Obama has dismissed this so far, it is more the likes of Tom Harkin and Pelosi.
The debt ceiling is a law passed by congress to control spending authorized by laws congress passed :-) There are two sets of laws in conflict. A set of statutes to pay a certain amount of money and a statute limiting the amount of money you can raise via the Treasury. Anyway, statutes like the debt ceiling law would not be able to supersede the constitution.
What the constitution does say is that the US will pay its debts. I do not think the debt ceiling law could be used to stop payments on current debt. Other spending and new debt I think would be where the fight would be.
I think the POTUS should pay interest on the current debt regardless if the debt ceiling is raised or not and then the president decides what not to pay until Congress gets their act together or it gets settled in the courts which may be a very long time.
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."