Nancy Pelosi supports use of 14th Amendment to hike debt ceiling


boehner blue

In my buddy Dave Johnson's Don’t Feed The Debt Ceiling Trolls, he advises the following:

This advice also applies to the right-wing nutcases threatening to bring down our economy by refusing to raise the debt-ceiling limit. They won’t get any traction on this unless Democrats engage with them. So ignore them, isolate them and scorn them but do not engage with them. Their billionaire & Wall Street funders will stop them and the pubic will see them for what they are, but only if we all just leave them alone. They aren’t really going to hold their breath until we all die.

And if they actually did take down the economy (they won’t), the country will be better off in the long run because it means the end of the radical right as a force in our politics.

So let them hold their breath until the country turns blue. [...]

Seriously, they threaten to destroy the economy if they don't get what they want? And what they want is things that make our lives harder and less healthy? Really? Then just let them shout it, and let the voters see it, and hold them accountable.

As you can see from my Photoshopped Boehner, he's already starting to turn as blue as this country will become if he and his buddies persist. Please read Dave's entire article, it's a good one.

blue america

President Obama has promised not to negotiate over the debt limit:

Now, one last point I want to make -- while I will negotiate over many things, I will not have another debate with this Congress over whether or not they should pay the bills that they’ve already racked up through the laws that they passed. Let me repeat: We can't not pay bills that we've already incurred. If Congress refuses to give the United States government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic -- far worse than the impact of a fiscal cliff. 

People will remember, back in 2011, the last time this course of action was threatened, our entire recovery was put at risk. Consumer confidence plunged. Business investment plunged. Growth dropped. We can't go down that path again.

Now Nancy Pelosi is going a step further by coming out in favor of using the Fourteenth Amendment if it comes down to that. The Hill:

House Minority Leader Nancy Pelosi on Friday amplified her support for a constitutional solution to the debt-ceiling increase.

The California Democrat said that, given the opportunity if she were president, she would not hesitate to invoke the 14th Amendment in order to hike the debt ceiling without congressional support — a move the Obama administration has rejected outright.

"I've made my view very clear on that subject: I would do it in a second," Pelosi said Friday during her weekly press briefing in the Capitol. "But I'm not the president of the United States."

The amendment states that the “the validity of the public debt … shall not be questioned."

As The Hill noted, the White House has already made it clear they won't go there. In fact, Press Secretary Jay Carney said, "This administration does not believe that the 14th Amendment gives the president the power to ignore the debt ceiling — period."

And so it goes.

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