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United States News
See other United States News Articles

Title: Obama could be impeached
Source: [None]
URL Source: http://www.politico.com/news/stories/0711/59836.html
Published: Jul 25, 2011
Author: Reid Epstein
Post Date: 2011-07-25 15:48:30 by no gnu taxes
Keywords: None
Views: 2779
Comments: 10

Rep. Steve King (R-Iowa) said Monday that President Barack Obama “would be impeached” if the nation falls into default.

“STOP talking about default,” he wrote on Twitter. “The 1st dime of each $1 of revenue services debt. Obama would be impeached if he blocked debt payments. C C & B!”

King is among the House Republicans who voted for the so-called “Cut, Cap and Balance” plan that would introduce a constitutional amendment to require a balanced budget. The Senate last week dismissed the House bill.

King isn’t the first Republican to suggest that Obama should be impeached over the debt crisis.

Rep. Tim Scott (R-S.C.) said earlier this month it would be “an impeachable offense” for Obama to raise the debt ceiling without congressional approval. In April, former Reagan administration official Bruce Fein drafted articles of impeachment in hopes that House Republicans would introduce them. And Rep. Dennis Kucinich (D-Ohio) in March said the air attacks on Libya are impeachable acts.

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Begin Trace Mode for Comment # 9.

#2. To: no gnu taxes (#0)

folks are confusing "default on our debt" with "default on our obligations".

The administration has repeatedly said that interest on debts would be paid first, but that it may not have enough receipts to pay all the other obligations that Congress has appropriated.

go65  posted on  2011-07-25   15:56:45 ET  Reply   Untrace   Trace   Private Reply  


#3. To: go65 (#2)

but that it may not have enough receipts to pay all the other obligations

which is also bullshit and the Kenyan knows it.

Geez, at this point everybody knows Mr "57 states" is bluffing with a jack high and isn't even part of the game anymore.

no gnu taxes  posted on  2011-07-25   16:03:08 ET  Reply   Untrace   Trace   Private Reply  


#6. To: no gnu taxes (#3)

which is also bullshit and the Kenyan knows it.

No, it's not BS, at present tax intake the government will have enough cash to pay 59% of its obligations come August 2nd.

go65  posted on  2011-07-25   16:27:50 ET  Reply   Untrace   Trace   Private Reply  


#7. To: go65 (#6)

The government will have enough cash to pay 59% of its obligations

yeah right

If that were were true, there wouldn't be enough money to pay for obligations even with the ceiling hike.

no gnu taxes  posted on  2011-07-25   16:34:58 ET  Reply   Untrace   Trace   Private Reply  


#8. To: no gnu taxes (#7)

If that were were true, there wouldn't be enough money to pay for obligations even with the ceiling hike.

are you sleeping through this whole debate? The government currently borrow 41 cents of every dollar it spends. After 8/2, it won't be able to borrow anymore.

go65  posted on  2011-07-25   16:49:56 ET  Reply   Untrace   Trace   Private Reply  


#9. To: go65 (#8)

There will be enough money to pay interest, SS, military pay, and more more.

After that, it is just a matter of prioritizing.

The debt ceiling will only raise potential revenue by about 14%. You just buy into the bullshit; but then again you all do.

no gnu taxes  posted on  2011-07-25   16:53:57 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 9.

#10. To: no gnu taxes (#9)

The debt ceiling will only raise potential revenue by about 14%. You just buy into the bullshit; but then again you all do.

I don't know where you get your numbers, but they are false.

go65  posted on  2011-07-25 16:59:27 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 9.

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