Sunday, June 24, 2012

Pelosi Urged Obama to Unilaterally Abolish the Debt Limit

Now that Nancy Pelosi is no longer in the majority in the House she believes Congress is irrelevant and that President Obama should just rule by fiat. At least that?s the impression she left when she said Obama should just unilaterally abolish the debt limit by declaring it unconstitutional.

?I would like to see the Constitution used to protect the country?s full faith and credit, as the Constitution does,? Pelosi?told reporters Wednesday.?She was endorsing the idea that Obama should use the 14th Amendment ? which states that ?The validity of the public debt of the United States . . . shall not be questioned? ? to circumvent House Republicans who want spending cuts in exchange for another debt ceiling hike.

?I think he should [declare the debt ceiling unconstitutional],? Pelosisaid, though she wouldn?t predict Obama?s move. ?I?m in a different branch of government. In the minority, in the House. What do I know about what the president?s going to do??

Pelosi is in a different branch of government ? the only one that has the authority to ?borrow Money on the credit of the United States,? as Article 1, Section 8 of the Constitution?establishes.

Read the whole thing.

Well, we all know that Nancy knows all about the constitution.

Via Times 24/7

Tags: debt limit, Nancy Pelosi, obama

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