|
|
| |
Topic: His Word Is Not a Bond |
His Word Is Not a Bond
Wall Street Journal, by James Taranto
|
|
Original Article
|
|
Posted By:earlybird, 1/11/2013 5:45:51 PM
|
| On Wednesday we refuted Nancy Pelosi´s "14th Amendment solution" to the crisis that would result if Congress fails to raise the statutory limit on public debt. In brief, Pelosi´s argument is that the 14th Amendment´s clause providing that "the validity of the public debt of the United States, authorized by law, . . . shall not be questioned," implies that the president has the authority, even without congressional approval, to borrow money if necessary to pay off public obligations. The trouble with this argument is that it ignores the distinction between public debt and spending that Congress has mandated.
|
Comments:
No point in posting Replies without reading the article. What Taranto is saying is not in the first few sentences.
|
 
Reply 1 - Posted by:
horacer, 1/11/2013 6:03:56 PM (No. 9111531)
If Obama did issue bonds without legal authorization Bernanke would buy them and then sell legally authorized bonds he´s holding to investors to pay for them. It would be a continuation of the current shell game.
|
Reply 2 - Posted by:
RUReadyY3K, 1/11/2013 7:45:54 PM (No. 9111656)
Might as well mint the trillion dollar coin while he´s at it. Heck, mint 16 of them and pay off the national debt too.
|
| |
|
Reply 3 - Posted by:
mackrand, 1/11/2013 7:51:35 PM (No. 9111665)
What part of "authorized by law" does the Executive Branch not understand? The current president cannot by fiat, or executive order, legislate Law.
Pretty simple to understand also that Pelosi, Reid, and Obama do not understand even the most basic principles of our Constitutional Republic. In the presidents case, that´s what comes from growing up in Indonesia. I´m not sure what Pelosi and Reids excuse is.
|
Below, you will find ...
Most Recent Articles posted by "earlybird"
and
Most Active Articles (last 48 hours)
|
Most Recent Articles posted by "earlybird"
|
‘Who’s going to jail’ over IRS
scandal? Probably nobody.
|
|
Washington Post, by Aaron Blake
Original Article
|
|
Posted By: earlybird- 5/18/2013 12:45:32 PM
Post Reply
|
|
House Speaker John Boehner (R-Ohio) wants to know “who’s going to jail” over the IRS scandal. But ousted acting IRS commissioner Steven Miller says no laws were violated when the agency targeted conservative groups. So who’s right? Did the IRS’s conduct take a step beyond mere “wrongdoing” and venture into criminal territory? (Snip)Essentially, there are three types of laws that might conceivably have been broken, as Attorney General Eric Holder acknowledged in his testimony before a House committee Wednesday:
|
Planted question gambit
backfires on IRS officials
|
|
USA Today, by Gregory Korte
Original Article
|
|
Posted By: earlybird- 5/18/2013 12:38:59 PM
Post Reply
|
|
WASHINGTON — It was an unusual way to deliver bad news, even in a town known for its selective leaks, Friday night news dumps and wag-the-dog distractions. The Internal Revenue Service, apparently determined to get out ahead of an inspector general report critical of its handling of tax exemptions for Tea Party groups, came up with a plan: Lois Lerner, the official responsible for the tax-exempt division, would publicly apologize in response to a question at the American Bar Association conference in Washington. Details of the now-infamous planted question emerged Friday after acting IRS commissioner Steven Miller admitted the gambit
|
|
Merely a Tax Misunderstanding
|
|
Wall Street Journal, by Editorial
Original Article
|
|
Posted By: earlybird- 5/18/2013 8:28:54 AM
Post Reply
|
|
Taxpayers tuning in to Friday´s House Ways and Means hearing on IRS targeting of conservative groups may have expected to hear some hangdog apologies from senior members of the agency. If so, they were disappointed. Acting IRS Commissioner Steven Miller, who was fired by President Obama this week but is sticking around to help with the transition, was almost casual about the pattern of biased enforcement that cost him his job. Earlier this week he blamed the political targeting on "rogue" officials in Cincinnati, but on Friday he said the behavior was "obnoxious" but that he does "not believe
|
| |
|
Outgoing Head Of IRS Gets
Grilled By Republican Lawmakers
Who Call Him ´Uncooperative´
And ´Drunk On Power´
|
|
Business Insider, by Brett LoGiurato
Original Article
|
|
Posted By: earlybird- 5/17/2013 2:23:00 PM
Post Reply
|
|
Members of Congress grilled former IRS Acting Commissioner Steven Miller on Capitol Hill Friday morning, in an attempt to get answers on the IRS´ inappropriate targeting of conservative-sounding groups that were applying for tax-exempt status. Republicans and Democrats on the House Ways and Means Committee both said that Miller and other IRS officials should have alerted Congress in testimony last year that they knew the agency was giving extra scrutiny to conservative and Tea Party groups.
|
Obama eyes Gov. Deval Patrick
to replace Eric Holder at Justice
|
|
Chicago Sun-Times, by Michael Sneed
Original Article
|
|
Posted By: earlybird- 5/16/2013 2:29:07 PM
Post Reply
|
|
Tipsville . . . Sneed is told that Attorney General Eric “Fast and Furious” Holder’s days are numbered. Sneed hears President Barack Obama, who is this/close to Holder, has set his sights on Massachusetts Gov. Deval Patrick as a possible replacement “when the heat dies down on the latest hot-button scandals to hit the U.S. Justice Department,” said a top White House source.(Snip)“Holder is also a close buddy of Obama’s senior adviser Valerie Jarrett,” the source said. “Obama knows a change has to be made, but he wants Holder to leave with his reputation intact.”
|
In wake of scandal, Obama
ousts IRS chief -- who was
planning to resign anyway
|
|
Fox News, by Staff
Original Article
|
|
Posted By: earlybird- 5/16/2013 10:01:47 AM
Post Reply
|
|
President Obama announced Wednesday that acting IRS Commissioner Steven Miller would resign in the wake of the agency scandal in which conservative groups were targeted -- though Miller was apparently set to step down anyway. An official close to Miller told Fox News, shortly after Obama´s brief announcement, that the IRS chief was "set to resign the position of acting commission as of early June." He was planning to leave the IRS entirely a "couple of months later, regardless of the current controversy," the source said. These details were not mentioned by the president
|
Director of IRS Tax-Exempt
Determinations Office
Is Obama Donor
|
|
National Review Online, by Eliana Johnson
Original Article
|
|
Posted By: earlybird- 5/16/2013 7:38:13 AM
Post Reply
|
|
The director of the Office of Rulings and Agreements, which oversees the determinatons of tax-exempt organizations, is a donor to Barack Obama. Holly Paz donated $2,000 to Obama’s 2008 campaign, according to Open Secrets, which maintains a database of individual political donations. An inspector general’s report released yesterday concluded that the IRS improperly targeted Tea Party and other conservative groups for undue scrutiny, and Paz heads the office in which the wrongdoing is said to have occurred. National Review Online reported earlier today that agency officials are currently copying the hard drives of every employee on Paz’s watch.
|
Most Active Articles (last 48 hours)
|
Officials on Benghazi:
"We made mistakes,
but without malice"
|
|
CBS News, by Sharyl Attkisson
Original Article
|
|
Posted By: Drive- 5/17/2013 3:02:24 PM
Post Reply
|
|
Obama administration officials who were in key positions on Sept. 11, 2012, acknowledge that a range of mistakes were made the night of the attacks on the U.S. missions in Benghazi, and in messaging to Congress and the public in the aftermath. The officials spoke to CBS News in a series of interviews and communications under the condition of anonymity so that they could be more frank in their assessments. They do not all agree on the list of mistakes and it's important to note that they universally claim that any errors or missteps did not cost lives and reflect "incompetence rather than malice or cover up.
|
| |
|
Raindrops wash away
reeling O’s fake veneer
|
|
New York Post, by Michael Goodwin
Original Article
|
|
Posted By: StormCnter- 5/17/2013 5:28:00 AM
Post Reply
|
|
Watching President Obama trying to dodge raindrops and responsibility yesterday reminded me of the moment when Dorothy pulls back the curtain and discovers that the Wizard of Oz is “just a man.” Stripped of his spell of mystery and power, the wizard is worse than mortal. He’s a fake. So it was with Obama in the Rose Garden. His performance was tired and trite, ordinary to the point of dull. His veneer of passion was so transparent that you could see him trying to summon his old-time magic by pushing the buttons
|
Obama a new Nixon?
Oh, get serious.
|
|
Washington Post, by Editorial
Original Article
|
|
Posted By: Dreadnought- 5/16/2013 10:54:51 PM
Post Reply
|
|
STANDING BEFORE reporters Thursday, President Obama declined an invitation to compare the recent scandals weighing down his administration with those that forced President Nixon to resign in 1974. So allow us to do the work for him: There is no comparison. Nixon, in a series of crimes that collectively came to be known as Watergate, directed from the White House and Justice Department a concerted campaign against those he perceived as political enemies, in the process subverting the FBI, the IRS, other government agencies and the electoral process to his nefarious purposes. Mr. Obama has done nothing of the kind.
|
Weiner’s Wife Didn’t Disclose Consulting
Work She Did While Serving in State Dept.
|
|
New York Times, by Raymond Hernandez
Original Article
|
|
Posted By: StormCnter- 5/17/2013 5:43:54 AM
Post Reply
|
|
The State Department, under Secretary Hillary Rodham Clinton, created an arrangement for her longtime aide and confidante Huma Abedin to work for private clients as a consultant while serving as a top adviser in the department. Ms. Abedin did not disclose the arrangement — or how much income she earned — on her financial report. It requires officials to make public any significant sources of income. An adviser to Mrs. Clinton, Philippe Reines, said that Ms. Abedin was not obligated to do so. The disclosure of the agreement that Ms. Abedin made with the State Department comes as her husband,
|
Watergate 2.0 -- why the
IRS scandal is far worse
|
|
Fox News, by Matt Kibbe
Original Article
|
|
Posted By: StormCnter- 5/18/2013 5:59:17 AM
Post Reply
|
|
In the wake of one of the worst abuses of government power in recent history, many are rushing to frame the Internal Revenue Service scandal as simply an attack on conservative activists. That view risks creating a partisan political football and misses a fundamentally scarier abuse that exceeds the scandals of Watergate or any other prior government abuse. The IRS has admitted that since May 2010 it targeted grassroots-conservative organizations that had applied for tax-exempt status, unfairly subjecting them to rigorous scrutiny due to their political leanings. Such groups were told they were required to comply with IRS requests,
|
When it rains, it pours: Ten
press conference take aways
|
|
Washington Post, by Jennifer Rubin
Original Article
|
|
Posted By: Pluperfect- 5/17/2013 4:52:42 AM
Post Reply
|
|
President Obama’s press conference in the rain was not a success, if by success, his supporters would mean an event which convinces anyone who doesn’t work for him that he’s getting ahead of the scandal deluge. The sight of a Marine holding an umbrella over his head only added to the weirdness of the event. So what did we learn? 1. He has full confidence in Attorney General Eric Holder, the man who purportedly recused himself (whenever) without putting it in writing (whatever). When asked about the untrammeled snooping on Associated Press reporters and editors,
|
| |
|
Rep. Issa subpoenas Benghazi
auditor Thomas Pickering
|
|
The Hill [Washington DC], by Julian Pecquet
Original Article
|
|
Posted By: JoniTx- 5/17/2013 3:53:45 PM
Post Reply
|
|
The lawmaker leading the charge to investigate the Benghazi terror attack on Friday subpoenaed the co-author of a report that slammed the State Department but didn´t interview Hillary Clinton. House Oversight Committee Chairman Darrell Issa (R-Calif.) formally demanded that retired ambassador Thomas Pickering submit to being deposed by the committee next Thursday. The subpoena comes in the wake of a series of acrimonious public exchanges this week between the two men. Issa didn´t issue a subpoena to former chairman of the Joint Chiefs of Staff Michael Mullen, who co-authored the Benghazi report with Pickering.
|
| | |
|
|
