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Home » CurrentEvents

Solution for the debt limit November 30, 2012 3:38 pm TB

Simply abolish it, or put it under the unlateral control of the President.

To ensure that there are no more crises like the debt ceiling impasse last year, Mr. Geithner proposed permanently ending Congressional purview over the federal borrowing limit, Republican aides said. He said that Congress could be allowed to pass a resolution blocking an increase in the debt limit, but that the president would be able to veto that resolution. Congress could block a higher borrowing limit only if two-thirds of lawmakers overrode the veto.

Once again, that annoying division of powers keeps getting in the way of Progress, doesn’t it.

Three guesses what happens to the U.S. credit rating the day after something like this happens.

  • BTW by BuckGalaxy 2012-12-01 00:02:41
    • George W. Bush tried that, tried to exempt the Executive from accountability to Congress or the courts. They were after a dictatorship, overthrowing the government. by bowser 2012-11-30 19:25:17
      • Warrentless surveillance by TB 2012-11-30 19:48:50
      • The election of a Republican would make the problem go away till the next time a Democrat was elected. by alcaray 2012-11-30 16:53:30
        • Maybe. by TB 2012-11-30 17:24:30
          • I don't get the connection with what I said. by alcaray 2012-11-30 18:04:56
            • The implication was that it wasn't controversial until a Democrat became president. by TB 2012-11-30 19:23:18
              • Both you and Bowser just repeated back what I said. I've made the extremists happy today. by alcaray 2012-11-30 20:04:55
                • So what exactly were you trying to say? by TB 2012-11-30 20:06:49
                  • "The election of a Republican would make the problem go away till the next time a Democrat was elected." by alcaray 2012-11-30 21:09:01
                • The truth is it doesn't bother you until a Democrat is president. by bowser 2012-11-30 19:27:12
                  • St Ronnie... by ER 2012-11-30 20:10:27
                    • Remarkable. by TB 2012-11-30 20:30:42
                      • Sniff the cork. by ER 2012-11-30 20:55:01
          • One guess is all that's needed by BuckGalaxy 2012-11-30 15:44:56
            • Right. by TB 2012-11-30 15:53:01
              • I couldn't say this better myself by BuckGalaxy 2012-11-30 22:00:21
                • Watch it happen by BuckGalaxy 2012-11-30 21:49:24

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