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Can a Nonexistent Congress Issue $1.2 Trillion in Debt?

Pursuant to the Budget Control Act, brought to you by the GOP leadership’s sellout, Obama notified Congress yesterday that the federal debt is approaching the statutory ceiling of $15.194 trillion. [The actual total debt is already $15.237 trillion, but a small amount is not subject to the limit.]  As such, he is calling on Congress to grant him another $1.2 trillion in debt, conveniently enough to last him until after the election, with the possibility of saddling his successor with a tough decision over yet another debt limit increase.  It is really more of a notification than a request.  Obama will automatically receive his $1.2 trillion supercharged credit card unless two-thirds of Congress votes to disapprove of the request within 15 days.

In just three years, he has accrued $4.6 trillion in debt, more than Bush amassed during his entire eight-year tenure.  Now he will add another $1.2 trillion by the end of his first term, and, thanks to the horrendous budget deal, which was cheered on by the same outlets that are now fawning over Mitt Romney, there’s nothing we can do about it.

But here’s the question: If Congress is in recess and cannot fulfill its responsibility to advice and consent, as the President has suggested, how can Obama fulfill his obligation of submitting a certification to Congress?

The Budge Control Act requires the following of Obama:

“the President submits a written certification to Congress that the President has determined that the debt subject to limit is within $100,000,000,000 of the limit in section 3101(b) and that further borrowing is required to meet existing commitments, the Secretary of the Treasury may exercise authority to borrow an additional $900,000,000,000, subject to the enactment of a joint resolution of disapproval enacted pursuant to this section. Upon submission of such certification, the limit on debt provided in section 3101(b) (referred to in this section as the ‘debt limit’) is increased by $400,000,000,000.”

Is this submission invalid?  Do we need a new submission to start the 15 days Congress has to disapprove of the increase in debt?  How was the House able to file the resolution of disapproval and set up a vote for next week?   After all, Congress is all but gone, according to Obama.

If Obama wants Congress to issue $1.2 trillion of debt while their gone, imagine what they can do when they’re “in session.”

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COMMENTS

  • NeoKong

    Who is it that feels like lending the U.S. $1.2 Trillion dollars ?
    China ?

    • civildebate

      The US gov’t is the sole creator of US Dollars. Any dollar that is being “loaned” to us was, at some point, created by the US gov’t.

      The idea that we could run out of US Dollars to spend makes no sense.

      • ihateliberals

        That day is getting closer and closer. After the election and Obamacare takes full effect and other policies of the Liberals in congress go in we can expect Carter type double digit inflation. The $ will become mostly worthless yet we wil be printing more and more of them. Credit rating……What credit rating? The idea of Progressives is to bankrupt all the economies and then at some point merge them all together under one government. They think that this wil stop wars and make everyone the same and happy. this place is call Utopia. Progressives don’t realize that it is non-existent.

        • acat

          What’s the current price of a McDonalds Big Mac?

          What was the price of a Big Mac when McCain was nominated?

          What was the price during Bush 2.0′s first term?

          Assuming that the ingredients haven’t changed, it’s pretty convenient to think of “value” in terms of Big Macs rather than dollars. Substitute a gallon of milk or a can of peas if you prefer.

          Mew

  • drfredc

    Just what do you’d expect from the GOP LOSERship. Bend over and get ready to feel it coming…

  • ncrdbl1

    Do absolutely nothing on this. When the President presents it to the congress put it aside and do not even take a vote on the issue.Let it happen w WITHOUT a vote. Do not go on record in any way on the issue. Only a 2/3rd vote will stop the increase and any vote will be used by the WH politically. So sit still do nothing and have ONLY the presidents finger prints on the increase of the debt ceiling.

  • spolson

    Obama doesn’t ask, wait, or seek approval of the congress, senate or people of this country. Unless this is a full blown campaign to stop the increase in debt, then get on with it. He can be politically swayed like his sudden Church appearances and a faint at being a Christian, this is campaign time. Once he is defeated in November, there will be nothing holding him back from destroying this country further. Do it now.

  • jim91010

    congress continues to allow Obama to ride roughshod over the Constitution. Congress allows Obama to issue executive orders, make appointments and in numerous ways violate the the supreme law of the land. So long as they do not attempt to stop him, he will keep ruling by fiat and expand his executive, no make that dictatorial, power.

  • myron_j_poltroonian

    contained within a condom of political conviviality. Or, better known as: [Political] “Business as usual”.

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  • RetiredFF

    and well stated!

  • APA Guy

    Has our observation of Europe’s carelessness not taught us anything? I guess it hasn’t.

    I am sickened by the blatant disregard for economic sensibility that is prevalent within Washington D.C…and what’s more, we’re getting set to nominate and elect a “Republican” from MA who will likely do very little to reverse the trend.

    Time for a drink…time for a few drinks…as I ponder our future if something doesn’t alter history’s course very soon.

  • http://www.nighttwister.com NightTwister

    He declared they were out of session for his purposes, and if he finds he necessary he will declare them in session.

    I don’t see anyone doing anything to stop him. That’s the thing about balance of power. It’s only balanced if all of the branches actually exercise that power.

  • Death_of_the_Donkey

    sensibility in Washington? A brief period in the late 90s (which was aided by a huge stock bubble)? It surely didn’t exist at any other time in the past 30 years (at least as it pertains to the debt/deficit).

  • kelp

    In 2007, Bush refused to return the defense authorization bill to Congress, claiming that they were in recess (despite the pro-forma sessions). Pelosi flipped out, but Congress eventually just passed another bill. Similar (well, opposite) to the situation you describe, if Congress wasn’t in recess then Bush’s pocket veto was invalid and the law should stand today.

  • benko

    and it appears so will the country.

  • bk

    Unless I’m thinking of the wrong thing, doesn’t he get it automatically unless Congress votes it down within some number of days? If they’re in recess and can’t even vote on it, all the better for Congressional Democrats right? They can say they didn’t vote to increase it and never had a chance to vote to decrease it. So don’t blame them for increasing the debt.

  • APA Guy

    was instrumental to achieving this…and he is one of our candidates.

    Just sayin…

  • Death_of_the_Donkey

    although it was still only balanced by using social security funds in the general, plus the tech boom, but it is still the closest we have come to fiscal sustainability in the last 30 years. I also give credit to the division of government, as taxes couldn’t come down and spending couldn’t go up (that makes for a good fiscal situation most times).

  • Darin_H

    The stupid party put forward a stupid plan and look, it’s working out stupidly! Best thing we can do is hang all the debt around Obama’s neck.

  • http://travismonitor.blogspot.com Freedoms Truth

    Obama wanted a blank check AND a 2012 issue. HE GOT BOTH.

    Yes, the absolute stupidity of this, when in late July we could have had some real amount of compromise with real spending cuts, is mind-boggling.

    McConnell’s Folly!

  • http://boldcolor.blogspot.com/ Paula

    I’ve been wondering where Obama got the authority to slash the military budget. Isn’t that Congress’s job?

  • harlan

    Now the repubs have force me to despise them too, for being so unbelievably incompetent.

  • votemout2012

    McConnell needs to go as republican leader in the Senate. Time to get a conservative in that roll. He has been a complete failure.

  • danielbdp

    Agree 100%. But for that to happen, need to continue to increase the number of rock-solid Conservatives in the Senate first. Best way I know of: support the SCF today, at http://senateconservatives.com/