Just days after some Republicans were threatening to impeach President Obama if he tries to use 14th Amendment to spend if the debt limit is reached, Republicans are now saying the exact opposite by saying that he can still continue to spend after the limit is reached. Heads the GOP wins, Tails the American people lose. The so-called balanced budget amendment would also require a two third vote to raise taxes, thus to reach a balanced budget, Congress would be forced to cut spending as a constitutional necessity.
http://couriernews.suntimes.com/news/6501808-418/ill.-gop-rep.-says-obama-lying-about-debt-ceiling
An Illinois congressman accuses President Barack Obama in a video released Wednesday of “lying” about the impact of not raising the national debt ceiling in the next three weeks and goes on to ask, “Have you no shame, sir?”
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Walsh claims Obama will not get congressional approval to increase the $14.3 trillion debt limit unless the Democratic president backs a balanced budget amendment to the Constitution, which Obama opposes. Obama says the country will default if Congress doesn’t raise the ceiling by Aug. 2.
Republicans, looking to reduce the federal deficit, are insisting on massive spending cuts as a condition for raising the debt limit. Republicans oppose any tax increases.
“You know darn well that if Aug. 2nd comes and goes, there is plenty of money to pay off our debt and cover all Social Security obligations,” Walsh says in the video, adding that Obama has media protection for “everything you say and do, but have you no shame, sir?”