Jan 11, 2013 No Comments ›› Spit Stixx
Excerpted from The Daily Caller: Top Democratic leaders in the U.S. Senate have reportedly told the executive branch they won’t object if the president simply declares he has the power to impose even greater financial debts on Americans.
The announcement, leaked Jan. 10 by a Democratic aide to The Washington Post, would effectively give the White House the unprecedented power to borrow and spend as much money as it wishes — unless the Supreme Court intervenes.
If allowed to stand by the court, the decision by Senate Democrats would effectively gut the authority of Congress’ two bodies — the Senate and House of Representatives — to jointly govern borrowing by the executive branch.
“The four Democratic leaders — Senators Harry Reid, Chuck Schumer, Dick Durbin and Patty Murray — have privately reached agreement that continued GOP intransigence on the debt ceiling means the White House needs the space to pursue options for raising it that don’t involve Congress,” according to the report in the Post.
“The White House needs to know that Dems will support whatever it decides to do,” read the report.
GOP Senators have decried the self-imposed diminution of the Senate, which was once lauded as “world’s the greatest deliberative body.”
The Democrats’ offer “is not only the height of irresponsibility, but also a guarantee that our national debt crisis will only get worse,” said the Republicans’ Senate leader Mitch McConnell.
“Rather than offering any plan to break the spending habit that’s causing the problem, Democrats are looking at everything from the ridiculous (printing a trillion-dollar coin) to outright abdication of Congressional responsibility,” he said.