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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPalin explains Economics & the Constitution; We can't go into default because of the 14th amendment
http://www.rawstory.com/rs/2013/10/14/constitutional-scholar-sarah-palin-explains-complicated-constitutional-law-words-to-you/Apparently the president thinks he can furlough reality when talking about the debt limit. To suggest that raising the debt limit doesnt incur more debt is laughably absurd. The very reason why you raise the debt limit is so that you can incur more debt. Otherwise whats the point?
Its also shameful to see him scaremongering the markets with his talk of default. There is no way we can default if we follow the Constitution. The Fourteenth Amendment, Section 4, requires that we service our debt first. We currently collect more than enough tax revenue to service our debt if we do that first. However, we dont have enough money to continue to finance our ever-growing federal government (with our $17 trillion dollar national debt that has increased over 50% since Obama took office). Thats why President Obama wants to increase the debt limit. He doesnt want to make the tough decisions to rein in government spending.
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Good God in butter how did that woman become a governor?
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Palin explains Economics & the Constitution; We can't go into default because of the 14th amendment (Original Post)
Botany
Oct 2013
OP
Thank God we have Princess Dumbass to explain it to all us stoopids out here.
TwilightGardener
Oct 2013
#1
TwilightGardener
(46,416 posts)1. Thank God we have Princess Dumbass to explain it to all us stoopids out here.
Avalux
(35,015 posts)2. To dumb people she makes sense.
She's not necessarily dumb; she's actually quite clever at making the absurd sound reasonable. If a person didn't know any better they would think she's right.
riderinthestorm
(23,272 posts)4. +10000000. nt
Dismiss her at your peril...
DJ13
(23,671 posts)3. Dont laugh, thats the right's argument for Impeaching Obama
Seriously, thats it, word for word.
riderinthestorm
(23,272 posts)5. Yup. Deadly serious... nt
tanyev
(42,564 posts)6. Argle bargle! Bribble frap!
B Calm
(28,762 posts)7. Wow, her lack of intelligence never ceases to amaze me.