Tuesday, August 02, 2011
David Dayen: President Obama was scamming us on the 14th-Amendment optionDavid Dayen zeroes in on the significance of Vice President Joe Biden's admission that the President was ready to use his 14th Amendment power and obligation to meet the financial commitments of the United States if Congress didn't pass the debt ceiling increase.
There are two big implications of this. One is that Obama was scamming the country, the world and the Democratic Party about the alleged impending disaster from not approving the debt ceiling. The second is that no honest activist, commentator or politician should fall for this scam when the next debt ceiling increase is up for a vote this coming November. David Dayen:
The bombshell dropped alongside the debt limit deal yesterday, aside from Gabrielle Giffords’ return to Congress, was Joe Biden telling a group of House Democrats that the President was prepared to "invoke the 14th Amendment" in the event of the debt limit failing to pass. I'm not sure entirely what he means by that, but there are enormous implications.What a disgraceful business the whole debt-ceiling debate was. The Republicans are more reckless and irresponsible in their approach. But it was Obama's responsibility as President and leader of the Democratic Party to not let this thing play out the way he did. He failed in that responsibility badly.
Tags: barack obama, david dayen, debt ceiling
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No subject for immortal verse
That we who lived by honest dreams
Defend the bad against the worse."
-- Cecil Day-Lewis from Where Are The War Poets?
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