Quotes

"Fascism and communism both promise "social welfare," "social justice," and "fairness" to justify authoritarian means and extensive arbitrary and discretionary governmental powers." - F. A. Hayek"

"Life is a Bungling process and in no way educational." in James M. Cain

Jean Giraudoux who first said, “Only the mediocre are always at their best.”

If you have ten thousand regulations, you destroy all respect for the law. Sir Winston Churchill

"summum ius summa iniuria" ("More laws, more injustice.") Cicero

As Christopher Hitchens once put it, “The essence of tyranny is not iron law; it is capricious law.”

"Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it." Ronald Reagan

"Law is where you buy it." Raymond Chandler

"Why did God make so many damn fools and Democrats?" Clarence Day

"If I feel like feeding squirrels to the nuts, this is the place for it." - Cluny Brown

"Oh, pshaw! When yu' can't have what you choose, yu' just choose what you have." Owen Wister "The Virginian"

Oscar Wilde said about the death scene in Little Nell, you would have to have a heart of stone not to laugh.

Thomas More's definition of government as "a conspiracy of rich men procuring their own commodities under the name and title of a commonwealth.” ~ Winston S. Churchill, A History of the English Speaking Peoples

“Laws are like cobwebs, which may catch small flies, but let wasps and hornets break through.” ~ Jonathon Swift

Friday, July 29, 2011

Watch for an Obamacare Move Aug. 2nd! Obama faces legal bind if time runs out

Obama is not going to let this crisis go to waste. This is straight out the Saul Alinsky 'community organizing' playbook.

Obama faces legal bind if time runs out - FT.com

If there is no increase in the debt ceiling by August 2, then the Treasury will not have enough money to meet all its commitments without borrowing more money, which it will not be able to do without breaking a wartime law from 1917 that created the debt ceiling.

But it is also bound by laws that tell it to make various payments, including the latest appropriations act passed by Congress in the spring, as well as an apparent instruction in the constitution to keep paying US debts.

The 14th amendment, adopted in 1868, says that “the validity of the public debt of the United States ... shall not be questioned”.

The purpose of the clause – originally formed to settle any doubt that the US would pay debts it incurred during the civil war – was tested in a Supreme Court case after the US left the gold standard to fight the Great Depression in 1933.

The court said that Congress could not tear up its promise to bondholders to pay them in gold and interpreted the 14th amendment as applying to “whatever concerns the integrity of the public obligations”.

“The Supreme Court, citing the 14th amendment among other law, has made it clear that Congress does not have the power to alter its own contracts,” said Michael Bradfield, former general counsel of the Federal Reserve Board and author of a memorandum being circulated among Capitol Hill staffers looking to bypass a congressional vote on the debt ceiling.

By that logic, Mr Bradfield said, “if an impasse were to occur, the legal case for invoking the 14th Amendment would be very strong”.

[read on at link:

http://www.ft.com/cms/s/0/f9ae9aa0-b92b-11e0-bd87-00144feabdc0.html#ixzz1TVXBqbS6]

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