Team O's absurd default talk | |
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Coward, Anonymous Stop the inanity! User ID: 1483636 United States 07/26/2011 02:48 PM Report Abusive Post Report Copyright Violation | Financial terrorism Repeal the 17th Amendment and the Reapportionment Act of 1929! Thread: First steps down the road to a return to the Constitutional Republic that we were intended to be. Restore the Republic. Thread: The Bill of Rights does NOT include age requirements! It's a flower, not something to be feared. - Moo! |
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Skeptic the First User ID: 1472396 United States 07/27/2011 07:11 AM Report Abusive Post Report Copyright Violation | Obama can either: 1) "Declare" that he has a Constitutional right and duty to ignore the debt limit. Many on Wall Street are encouraging him to do exactly that. [link to www.thefiscaltimes.com] --- Section 4 of the 14th Amendment says, “The validity of the public debt of the United States…shall not be questioned.” This could easily justify the sort of extraordinary presidential action to avoid default that I am suggesting. --- 2) Issue United States Notes directly from the Treasury. Printed currency is not debt but money, and is immune to any debt ceiling. This makes the Federal Reserve unnecessary. Of course, the bankers might retaliate by treating Obama as they did JFK. Last Edited by Skeptic the First on 07/27/2011 07:12 AM |
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