[ExI] Warren Buffett is worried too and thinks Republicans are "asinine"

spike spike66 at att.net
Wed Oct 23 22:15:34 UTC 2013



>... On Behalf Of Mirco Romanato

>...The problem in this reasoning is to impute to the POTUSes the
responsibility of deficit spending.
Is the legislative branch totally innocent?
And the Judiciary Branch?  Mirco
_______________________________________________


Presidents are mostly innocent.  The power to tax and spend comes from the
lower house of the legislative branch, the representatives.  They have the
power to declare war or refuse to do so.  If the president does a police
action like the US did in Vietnam in the 60s, the house has the authority to
refuse funding, which it did not do.

The Judiciary Branch is perfectly innocent, for they have no say on how the
government spends money.  Their only job is to interpret laws made by the
legislature and determine if they are legal from the point of view of the
constitution.  They reviewed ObamaCare and declared that the individual
mandate is legal only if declared a tax, which puts in under the house of
representatives.

This latest go-around is an oddball in that the house voted to defund
ObamaCare while a senator was leading the charge, then the senate and POTUS
together refused to go along with that which is in the house's purview.

spike




More information about the extropy-chat mailing list