Sunday, January 6, 2013

Mr Prez....I dare you !

Pelosi favors use of 14th Amendment to avoid debt-ceiling crisis - The Hill
Many leading Democrats have urged Obama to avoid a fight with congressional Republicans over the debt ceiling by invoking the 14th Amendment. It states that the “the validity of the public debt … shall not be questioned." Supporters of that strategy argue that the language empowers the president to raise the debt ceiling without congressional input.

Obama this week said he won't entertain any options but a clean debt-ceiling vote.

“While I will negotiate over many things," he said late Tuesday night, "I will not have another debate with this Congress over whether or not they should pay the bills that they’ve already racked up through the laws that they passed.”

Republicans are pushing back hard. They see the debt-ceiling increase as perhaps their greatest leverage point in forcing Obama to accept steep spending cuts amid the looming budget battles set to define the early stages of the 113th Congress.

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