Monday, January 14, 2013

Cruising the Web

What a coincidence, those Democratic Senate leaders who are urging President Obama to unilaterally raise the debt ceiling if the Republican House insist on some sort of spending deal all voted against raising the debt ceiling when Bush was president. And how much would those Democrats appreciate such an unprecedented unilateral executive action if it were a Republican sitting in the White House? All their love for a president ignoring Congress will suddenly come to a screeching halt.

David B. Rivkin and Lee A. Casey dispel some myths about the debt ceiling. For example, it is not true that a failure to raise the debt ceiling would lead to default or would involve the government not paying for what it has already spent. And it is pretty clear that the Fourteenth Amendment does not give the President the power to unilaterally raise the debt limit. And if he were to attempt to issue bonds without the approval of Congress to pay for spending, would investors really be eager to risk purchasing such bonds?

Here's a brief history of the debt ceiling.

Don't believe Chuck Hagel's confirmation conversion.

Ross Douthat explains how the nominations of Hagel and Brennan give us insights into the Obama doctrine.

Get ready for Obamacare sticker shock - which will set us up for demands that the government take over the whole health insurance industry.

Remembering what a nasty person Harry Reid is.

The Obama economy hits the news media.