By TRB
The time has arrived, the time has gone. The clock ticks on the wall. The President, as clueless as a housefly, examines his alternatives. He could reach a "compromising" deal with a bunch of right-wing republicans who hate our government, or he could just schedule some television time and raise the debt ceiling on his own.
The plain old fashioned truth is that Obama could have got this accomplished a long time ago. Provisions in the 14th Amedment give him the power to raise the debt ceiling all by himself, without the involvement of Congress in any way whatsoever.
People hear this and they almost can't believe it. Yes, Obama could have done this without dragging out any of these politicians intent on even less taxes for the rich, less regulations for corporations. Politicians who want to end Social Security, indeed to end the whole idea of a social compact between government and the people.
Politicians who don't want a representative democracy in the U.S.. Politicians who believe the insurace companies should take over Medicare and Medicaid and run it as they see fit. Politicians who will look you right in the eye and tell you that the private sector is always more efficient and its services of a higher quality than are government services.
There is only one problem. It has been proven untrue. The private sector has stolen our money, we have had to bail them out for all their gambling on Wall Street. They are producing increasingly inferior products for higher prices, they're exporting our jobs to foreign lands.
The private business sector in the U.S. acts like an occupying force in enemy territory. Their goal seems to be to take as much power from the government and the people, which are supposed to be the same, and to milk us for every last cent while cutting back or destroying our benefit programs.
I would like to go on about these buzzards of the business world, but you really have to take a closer look at Obama in this debt ceiling crisis if you want to see what we are up against. Here was a man who sat down with the people who want to destroy America's dreams and was ready to make compromises with them - maybe throw a few million off social security and Medicare if he had to, just to get what he envisions as a compromise.
It seems our president believes that a red tail hawk compromises with field mice - just before he swallows them whole.
So what is in the 14th Amendment that would allow Obama to raise the debt ceiling without congressional approval? Constitutional and legal scholars admit it is a little obscure, but most believe it would pass the smell test even with this highly political Supreme Court. But the 14th amendment is only half of it.There is the oath Obama swore when he was voted into office - to protect the Constitution.
Can you imagine if all of those elderly people, all of those sick people, the disabled veterans, the children without parental income did not receive their checks at the end of this month? Can you imagine what would happen as a result? First off the dollar would take a brutal hit in the world markets, as the U.S. would not be able to pay any of its debt.
It is doubtful the U.S.dollar would stay on top as the prefered international currency. China would probably take over that role.What good is it being the currency of official use in the world, as we are at this very moment and have been since after the big wars? It is simple. Say you are Sweden, or any other nation, and you want to purchase some oil. You have to purchase it in U.S. dollars.
In other words, you have to purchase U.S. dollars and keep them on hand if your want your nation to have the things it needs. That is the beauty of being the preferred currency. Now imagine if that was taken from us by the nation to whom we owe the most money. Imagine if the U.S. had to purchase Chinese money in order to buy fuel. What would that do the United States?
Many economists believe it would be the beginning of the end. And all because Obama is such an inept politician, that, up until now anyway, doesn't seem to understand that if he went before the cameras and announced that he was raising the debt ceiling without Conressional involvement, he would be hailed as a savior from sea to shining sea, he would improve his chances for reelection at the same time.
And more important, he would finallly show the Independents and the Progressives that he is aware that the Republican Party is in league with the Tea Party, which wants government in America to be demolished. They won't tell you what they want in its place. Probably because it would scare the hell out of you.
So here is your chance Obama. Send Congress back to their offices where they can wine and dine the bankers and the owners of corporate America. Then step out before those camera and put the nation back on track.
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