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The Debt Ceiling Crisis: What Should Obama Do?

The Debt Ceiling Crisis: What Should Obama Do?

  • Give in to the Republicans demands by slashing Medicare and Social Security

  • Allow the country to default on its debt

  • Invoke the 14th Amendment and risk impeachment

Results are only viewable after voting.
No actually, he has a lot more than 3 options. For example, he could invoke his powers under McConnel's plan to increase the debt limit without spending cuts, which would suck but at least it would get us away from that boondoggle choice for another 1.5 years or whatever date it'll end up carrying us through.

There's also the Gang of Six plan which apparently slashes part of Medicare and SS, but it's a non-starter with wingnut Repubs that want no new taxes...at all. Fact is we need both taxes and cuts, and it's not debatable. But there's only so much you can do when you're dealing with uncompromising nuts.
 
WoW.. that's quite a poll you've got there. Seems likely one of those will have to happen and I'm not really sure which one to 'root' for.
 
Lithium381 said:
he could man up and actually propose a deal instead of sitting back and criticizing
Click to expand...

The POTUS doesn't "propose" bills to be voted on, they endorse them, that's why he's part of the executive branch. Congress writes laws that are then signed by the POTUS, and that's why Congress is part of the legislative branch; you know, to pass legislation proposed by members of Congress.
 
There's a fourth option- The treasury has the explicit right to mint platinum coins in any denomination, sell them to the FRB in exchange for electronic money/ cash. The value of the bullion in the coins has no relationship to the value of the coin, so a batch of dime sized $100B coins would do the trick. I'd propose a likeness of Ronnie on the front, and a horse's ass on the reverse...
 
I would declare martial law, arrest the Republican congress for treason and ship them to Guantanamo Cuba for military trial.
 
It's up to Obama. He really has to lead and stop playing up to republicans and the nut cases on the other side. It's been said before and is true, that while we voted in a democrat president, we have yet to try democratic policies. We were bamboozled by GW Bush policies for 8 long years, and Obama has, so far, continued these failed republican policies. That is why we are in the soup today.
Tax cuts to special interest DO NOT make jobs. Bill Clinton created a great economy for everyone up and down the scale. Then, democratic policies were in place and worked.
GW put republican policies in place and everything has went to pot (not the good kind of pot) ever since.
Obama needs to be a democrat, and follow what he campaigned on.

BTW... notice your 401K value the last few days people?
Which makes me want to ask... doesn’t one single tea bagger have a 401K plan?
Is that why they do not care about the economy? That is all I can figure... that tea baggers either have no 401K, or can't add and subtract to realize their 401K is melting away just like the witch in the wizard of oz.
Naturally Palin nor Bachmann care about this. When they need money, they can just spit out another brainless book.
How are your publications doing Mr. & Mrs. America? Making you rich?
Or will you need to rely on silly things like social security, Medicare and 401K plans to survive in your old age?
If you can pump out a bestselling book, God bless you. If not, you'd better start writing one now.
 
Of those I voted for the 14th amendment. After Clinton impeachment, getting impeached by a bunch of rabid Republicans, especially for doing what is necessary to keep country from default, is going to hurt GOP more than it hurts Obama.
But what he should do is partially shut down the government to stay under the debt ceiling and wait until GOP sends him a clean debt ceiling increase. In an actual shutdown, time is on his side. He can say, look, I am capping, cutting spending, and running a balanced budget, just like GOP wants me to. If you want your government contractor job, subsidy, services, and/or benefits, tell GOP to scrap Cut Cap and Balance 😀
 
Option 4: Propose a Bill that Increases the Debt Limit, no Tax Hikes, No Spending Cuts, just Increase Debt Limit.

Then everyone can go back to arguing over what to Cut, Raise, yadda yadda ya.
 
First said:
The POTUS doesn't "propose" bills to be voted on, they endorse them, that's why he's part of the executive branch. Congress writes laws that are then signed by the POTUS, and that's why Congress is part of the legislative branch; you know, to pass legislation proposed by members of Congress.
Click to expand...

I know he doesn't write the bills, but he can certainty have an idea and "suggest" it..... or propose an idea that can be worked with....

he doesn't want short term so it dosn't come up again during his campaign..... which is every time he's in front of a camera
 
sandorski said:
Option 4: Propose a Bill that Increases the Debt Limit, no Tax Hikes, No Spending Cuts, just Increase Debt Limit.

Then everyone can go back to arguing over what to Cut, Raise, yadda yadda ya.
Click to expand...

But NOOOOOOO thats WAYYYY to easy....



Its funny to me how this issue became politicized.....when its essentially a budgetary line item...



a rather big one at that though
 
Turin39789 said:
He's done that.
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He should do it again during the shut down. Just say, Congress has failed to agree on spending cuts, time to shelve this for the budget debate and just raise the debt ceiling so I can mail out them checks. If you think people are calling Congress now, just wait till they stop getting their government checks.
 
Obama is very un confrontational. That has been said of him going back to when he was in politics in Chicago. Obama rules pretty much that way as president. He fully expects congress to do all the law making, and bring their results to his desk. Obama seldom gets publically involved on any issue, economy or social, until all hell is breaking out. Then, you're not sure where he is coming from. It seems he just wants it over so he can go back to the protective walls of the Whitehouse.
Usually it is the squeaky wheel that gets the oil. In all these instances with congress, the republicans have been the squeaky wheel, and Obama keeps giving them the oil.
Its true!
 
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Obama should start shutting down government programs that benefit Republicans right now. He can say, we need to save up revenues to pay our creditors, so we have to start cutting ahead of when we actually hit the debt ceiling.
 
Default be best, let the country sleep on it for a week or so. Then of course we find out what exactly government does for us all.

But for Obama, I want this stooge stop voting present for once in his career. Use the 14th amendment, be a god damn leader and reclaim your balls for you parties sake.
 
Generator said:
Default be best, let the country sleep on it for a week or so. Then of course we find out what exactly government does for us all.

But for Obama, I want this stooge stop voting present for once in his career. Use the 14th amendment, be a god damn leader and reclaim your balls for you parties sake.
Click to expand...

Too bad the US cant do what most European countries do when a legislature or party take a country to their knees...fire all of them and hold elections...
 
Generator said:
Default be best, let the country sleep on it for a week or so. Then of course we find out what exactly government does for us all.

But for Obama, I want this stooge stop voting present for once in his career. Use the 14th amendment, be a god damn leader and reclaim your balls for you parties sake.
Click to expand...

Whut?
 
Well, I got mixed emotions about the 14th option even though I chose that one.

It takes away all of the silliness the Tea Party has injected into the mix and it also gets the job done in neat and tidy way *in and of itself*. But it also somewhat kicks the can down the road on a host of other issues that clearly had the Dems being on the popular side of.

However, this controversy has exposed how weak the Dems are toward standing up to the freakish behavior the repubs have been displaying in their efforts to get rid of Obama in 2012. Caving in to repub demands have been the norm for the Dems and that simply disgusts me.

How the Dems can continually behave like speed bumps that the repubs continually run over at full speed with impunity is embarrassing and well, emasculating in its effect.

I can't wait to see the upcoming battle that ensues when the Bush tax cuts hits its sunset again.
 
It's complicated... Repubs were for raising the debt ceiling when they voted for the current budget, obviously, because it was known that the debt ceiling would have to be raised to support that budget, but now they're against it, because it would cost too much to pay for what they already voted to spend...

Go Figure.
 
Generator said:
Default be best, let the country sleep on it for a week or so. Then of course we find out what exactly government does for us all.

But for Obama, I want this stooge stop voting present for once in his career. Use the 14th amendment, be a god damn leader and reclaim your balls for you parties sake.
Click to expand...

So lets say what you say about government is absolutely 100% true. We cannot survive without King Obama to save us. How do you solve the 1.5 trillion a year we are going into debt? Tax the rich? OK, that gets us like half that amount for 1 year. Now what?
 
Fear No Evil said:
So lets say what you say about government is absolutely 100% true. We cannot survive without King Obama to save us. How do you solve the 1.5 trillion a year we are going into debt? Tax the rich? OK, that gets us like half that amount for 1 year. Now what?
Click to expand...

So a measured progress toward debt reduction isn't better than no progress at all?
 
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