In the Fine Print: President can now extend debt ceiling

[68Camaro]

I'm appalled, but not surprised... we're now officially screwed. Let the fully out-of-control money printing now begin.

If you read the fine print at the end of the 35 page "Continuing Appropriations Act, 2014" the President now has the abiity to unilaterally extend the debt ceiling, and Congress can then only respond with a vote on a pre-worded canned motion to disapprove, on which it must act within 5 days, with no delays or edits to the motion, limited to 2 hours of debate. If Congress votes to disapprove of the President's action, the President can then veto that bill, after which Congress must then raise a 2/3 vote to override the President in order to prevent a debt ceiling extension.

I suppose Congress could vote to remove the Continuing Appropriations Act itself, which would restore Constitutional authority, but that's not going to happen in this Congress.

[theo]

Not that I don't believe you, but can you post a link?

I don't think it makes much of difference, anyway. I've long since given up hope of turning things around under the current system. I think the last time it was genuinely possible to gain control of our spending was 2000/2001, although many on this site will argue that our fate was sealed in 1913.

Having said that it is another great example of executive over reach.

Thanks for posting this.

[68Camaro]

http://www.c-span.org/uploadedFiles/Con ... 16-13C.PDF

See pages 26 and following.

[68Camaro]

No comment? (besides Theo). Thought this would generate some comment; bit maybe I have odd taste in the things that surprise and disgust me.

[aloneibreak]

No comment? (besides Theo). Thought this would generate some comment; bit maybe I have odd taste in the things that surprise and disgust me.

thanks for posting

i read it, bookmarked it and sent it on to a few others

I think your first post said it all...

I'm appalled, but not surprised... we're now officially screwed. Let the fully out-of-control money printing now begin.

I suppose Congress could vote to remove the Continuing Appropriations Act itself, which would restore Constitutional authority, but that's not going to happen in this Congress.

[beauanderos]

We all know the ultimate destination... we just don't know all the twists and turns the trail will take that leads us there.

I keep waking up and wondering if something occured overnight, then looking at the screens thinking "will this be the day it all comes apart? Will this be the day gold takes off $300 and Silver $15? Straight vertical ascent on the charts... and the dollar trading at 20?"

it WILL happen

[johnbrickner]

Why we all stack! The writing on these walls isn't difficult to read.

[Hawkeye]

I heard something about this the other day, but hadn't seen anything concrete. Thanks for the link. At this point, we are so addicted to debt that I figured something like this would come soon. I was talking to someone the other day who is still in the "we just need to make a few little changes and adjustments and we'll be fine" camp. The more I think about it, the more I think that there is no solution to our current situation. It will crash, it's just a matter of when and how.

[Rosco]

The last line says it all the continuing resolution act of 2014

Oh So Happy

[cupronickel]

I've been talking about this for a week or so, and not a single person seems to care.

[Sheikh_yer_Bu'Tay]

I posted this on my FB page. Only one person agreed with me. We lost a HUGE chunk of Liberty. We lost our "checks and balances" system. Congress just made itself irrelevant.

The Old Guard Republicans sold us out. They are just as bad as the Demos. The TEA Party tried, but failed.

That roller coaster we are riding on just went over a hump and picked up a lot more speed. Like the posts said before this one ~~~ we all know the final destination.

[slickeast]

King Obama can do whatever he wants. Nothing surprises me anymore. I wouldn't even be surprised if the fine print dissolved the 22nd Amendment.