Watching the news right now. Boehner just laid out a plan about 40 minutes ago. Now Obama has decided before the nation tonight at 9 eastern (8 Central time) and aids are saying he will go ahead and bypass congress and invoke the 14th amendment which experts say will increase the crisis because the Constitution states that he can't do it without the lawful approval of Congress. Does this mean that SS checks will not go out for seniors and veterans? We will find out I guess. The word is that he can be impeached if he allows us to default. The sign that hints to Obama stating he will invoke the 14th Amendment was this in his La Raza speech earlier today which is in this link.
Obama: I'd Like 'to Bypass Congress and Change the Rules on My Own' - George E. Condon Jr. - NationalJournal.com
President Obama let his frustration over the stalled debt talks seep into an address on Latino issues on Monday, confessing that hed like to bypass Congress and change the laws on my own.
What does sound like he wants to be? That's right, a dictator. I guess we will find out tonight.
The 14th threat could just be maniacal posturing but I wouldn't be surprised if BO would actually attempt to pull such a stunt...especially if he can't sweep the debt problem under the rug till after 2012 elections...
And yet you people fail to see that the Republicans are USING the debt problem for campaign posturing for 2012.
The debt ceiling has been raised 74 times since 1962. The debt ceiling tripled under Ronald Reagan, and Congress also raised taxes 11 times for him. Republicans voted seven times to raise the debt ceiling for George W. Bush.
7 times for GW Bush in 8 years and 3 times for Obama in 2 1/2 years.