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Top Dems tell Obama to ignore Congress on debt limit
Posted By -NO AUTHOR- On 01/12/2013 @ 12:01 am In Money,Politics | No Comments
(Washington Times) Senate Democrats on Friday urged President Obama to do an end-run around Congress and claim the power to borrow more money on the credit of the U.S.
The move, should Mr. Obama follow their advice, would likely force another constitutional battle between the executive branch and congressional Republicans. But the Senate Democrats, including Majority Leader Harry Reid, said Mr. Obama should turn to the strategy as a way of circumventing the GOP on the debt limit.
“We believe you must be willing to take any lawful steps to ensure that America does not break its promises and trigger a global economic crisis — without Congressional approval, if necessary,” the four top Democrats in the Senate wrote in a letter to Mr. Obama.
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