tag:blogger.com,1999:blog-6926413038778731189.post7658070162254444704..comments2023-10-16T07:13:12.123-05:00Comments on A plain blog about politics: Did Obama Miss a Better Path on the Debt Limit?Jonathan Bernsteinhttp://www.blogger.com/profile/15931039630306253241noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6926413038778731189.post-64686847568500245072011-07-26T16:16:10.156-05:002011-07-26T16:16:10.156-05:00I think this is all just 18 layer chess to blame a...I think this is all just 18 layer chess to blame an inevitable downgrade of the US bonds on the Republicans.<br /><br />It had to happen, and as the Administration said one year ago, it was going to be about two years.<br /><br />Zero practical effect. The fed is sitting on 1.5 trillion and can sell them over the next three months.charlienoreply@blogger.comtag:blogger.com,1999:blog-6926413038778731189.post-89988825974595573742011-07-26T16:15:52.785-05:002011-07-26T16:15:52.785-05:00Also, Ron Paul offered another deux ex machina, en...Also, Ron Paul offered another deux ex machina, endorsed by Dean Baker of all people: have the Fed burn $1.6 trillion in bonds it holds goo.gl/ECAeeAndrew Sprunghttps://www.blogger.com/profile/17601269968798865106noreply@blogger.comtag:blogger.com,1999:blog-6926413038778731189.post-80200204742939772062011-07-26T16:11:21.123-05:002011-07-26T16:11:21.123-05:00I am not perhaps the greatest expert, yet hopefull...I am not perhaps the greatest expert, yet hopefully someone in this forum should know the answer. <br /><br />My studies of the details of federal legislation suggest that there are plenty of duly-legislated-and signed-into-law emergency clauses in all sorts of legislation (typically dating from 1933-7, 1945-9, 1973-5, 2001-2 and other times) that, if a President wanted to dust it off and sign emergency declarations, that President would have a whopping panoply of powers to create and fund new agencies or existing agencies for various activities and purposes. <br /><br />Am I right or wrong in believing that such "authorization of national emergency" law exists?philosophical-ronhttps://www.blogger.com/profile/04329015177186261224noreply@blogger.comtag:blogger.com,1999:blog-6926413038778731189.post-21750227706257492132011-07-26T15:35:32.970-05:002011-07-26T15:35:32.970-05:00Could the Democrats have rid themselves of this la...Could the Democrats have rid themselves of this last year? Why wouldn't McConnell have filibustered any attempted debt ceiling increase last year? He would have wanted to keep his leverage for 2011. I mean if the Dems couldn't find the Senate votes for the 2011 continuing resolution, how were they gonna raise the debt ceiling?CTHhttps://www.blogger.com/profile/10928983745917493342noreply@blogger.comtag:blogger.com,1999:blog-6926413038778731189.post-49822284311417913082011-07-26T15:22:24.730-05:002011-07-26T15:22:24.730-05:00Jon, I'd like to think you're right, and m...Jon, I'd like to think you're right, and maybe you are. But no President has ever engaged in substantive negotiations over the debt ceiling; why should Obama have submitted to being the first? I didn't mean to suggest that he should have brandished the Constitutional option early; it could have surfaced much as it did in our noncounterfactual world, floated by law professors a few weeks in advance, and only embraced by the President in the endgame. More here: http://goo.gl/TosKuAndrew Sprunghttps://www.blogger.com/profile/17601269968798865106noreply@blogger.com