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Monday, October 07, 2013

President Obama Must Act to Protect the American Economy

US Senate Democrats Propose to Vote to Allow President Obama to Raise Debt Ceiling

Let's hope the Newsmax report will be realized. Inaction on the US debt ceiling will be extremely damaging to our nation. In my opinion, President Obama can do no harm by taking administrative or executive action to move our nation beyond the preventable stalemate currently putting our nation into an economic limbo.  

Senate Democrats could introduce legislation as soon as today that gives President Barack Obama the authority to raise the debt ceiling unless two-thirds of Congress disapproves, according to a Senate Democratic aide.

An initial test vote on the proposal, described by the aide on condition of anonymity, could occur as soon as Oct. 11, just six days before federal borrowing authority is set to expire.
Democrats have been pressing for a one-year increase in the nation’s $16.7 trillion debt ceiling without any of the spending cuts of policy changes Republicans are demanding.

The method of giving Obama the authority to raise the debt ceiling barring a congressional disapproval was first proposed by Senate Minority Leader Mitch McConnell, a Kentucky Republican, in 2011 and became part of the Budget Control Act passed in August of that year.

Republican extremists obstructing President Obama on every initiative need to recall their mother's proverb, "What goes around comes around". 

It makes virtually no sense for Republicans to continue holding America hostage to their extremist agenda by refusing to lift the budget sequester and repealing the #shutdown. 

Eventually, the political pendulum will ultimately swing to the equal and opposite direction and the obstructionist cycle will become self perpetrating.  

President Obama must take action to protect all future presidents from extremist agendas. He must act to protect the American economy by figuring out how to take charge of raising our nation's debt ceiling, in spite of the Congress. By taking decisive action, he will also protect future presidents from becoming victims of political hostage taking.  

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