CNS News reported yesterday that Representative Nancy Pelosi has suggested that Congress simply give President Obama the power to personally raise the debt ceiling whenever he thinks it is necessary. Hasn’t this woman read the U. S. Constitution?
The article reports:
The Constitution expressly gives the power to borrow money to Congress–not the president. Article 1, Section 8, Clause 2 says: “Congress shall have power … To borrow money on the credit of the United States.”
When he met with members of Congress on Thursday to discuss a deal to avoid the so-called fiscal cliff that is set to occur at the end of this year, Secretary Geithner suggested that Congress give Obama the personal power as president to lift the legal limit on the federal government‘s debt.
I really can’t think of a worse idea. The article points out that under the arrangement Representative Pelosi proposed, the only limit on the national debt would be President Obama’s willingness to borrow money in the name of American taxpayers. Somehow I doubt that would be any limit at all.
The Constitution was set up to let Congress control the purse strings. Congress is expected to pass an annual budget, and the government is expected to abide by that budget. Unfortunately, The last time the Senate passed a traditional year-long budget was April 29, 2009. Frankly, I don’t see that changing anytime soon.