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« CHART: U.S. Debt To GDP 1940-2015 | Main | VIDEO: Paul Ryan Booed At Wisconsin Town Hall For Defending Tax Breaks For The Wealthy »

Bernie Sanders "Military Budget Has Tripled Since 1997, But Obama Won't Do Anything About It!"

Video - Bernie Sanders with Keith Olbermann - June 27, 2011



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Could Obama ignore Congress if they refuse to raise the debt ceiling? Yes, and he should, some experts say



Critics of the debt limit cite the Fourteenth Amendment to the Constitution, which states: "the validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned." (Emphasis ours)

Of course, the Fourteenth Amendment is open to wide, and varying, interpretation and debate. The most basic question here is, does a limit on debt "question" the "validity" of the debt?

Legal scholar Garrett Epps, writing in The Atlantic in April, said that a case could easily made for simply ignoring the congressionally mandated debt limit.
Jun 30, 2011 at 3:19 PM | Unregistered Commenterjohn
That's one of those arguments that starts well, but goes so bizarrely wrong after the comma: military spending has tripled, so we have to...tax the rich!

How about this instead: Military spending has tripled, so let's sharply reduce military spending.
Jun 30, 2011 at 3:23 PM | Unregistered Commenterpaul krugman's raging ulcer
I agree actually...i'm going to change the headline...however, facing a budget crisis, a tax on incomes above $500k won't hurt anyone who can't afford it...
Jun 30, 2011 at 3:27 PM | Registered CommenterDailyBail
Why is it that all of them want us to give more, and more...? But they NEAVER give up a dime of what they take from us... Take 36% of their grose pay and a 10% Flat Tax on all of us.........

How about this instead: Military spending has tripled, so let's sharply reduce military spending.

And bring 60% of our troops home. Yea, I Know, but its a thought that would make the problum go away. The Dumb-O-Crats have it all set to have USA stay at war till the last day of our life's.

They will go to Hell screamming we need more funding for the war effort..............
Jun 30, 2011 at 6:26 PM | Unregistered CommenterTexas Dar
WASHINGTON (MarketWatch) — President Barack Obama insisted Wednesday that tax breaks for the wealthy, owners of corporate jets, hedge-fund managers and oil and gas companies should be scrapped to help reduce the federal deficit, issuing a direct challenge to anti-tax congressional Republicans as the deadline for raising the U.S. debt ceiling draws closer.

Jun 30, 2011 at 8:21 PM | Registered CommenterDailyBail
Of course he won't, and he (Barry Soetoro) CAN'T do anything about it. A puppet is just a construct with strings.
Jun 30, 2011 at 9:43 PM | Unregistered CommenterRob
Stop spending 100's of billions on war and make GE and Microsoft pay their taxes ( like you did to Willie Nelson ) and we could start a road to recovery. GE paid $0 dollars in taxes in 2010 even though they showed a profit of 14 billion ( the corp tax rate is 35% ) so you guys do the math. GE also claimed a 3 billion refund check which they supposedly later returned due to public outrage at their antics. Microscum payed 7% tax by using the same accounting tricks that GE used. Obama even gets financial advice from the CEO of GE which is just sad when he is the one who is cheating our country in the first place. We must stop companies from saying their profits originate in Ireland or the Cayman Islands in order to prevent paying their taxes, it won't happen though because our congress and senate are corrupt to the bone. We also need to end Iraq and Afghanistan and slash our military spending which is almost half the money spent for all countries on Earth ( probably is if you knew the off the books military expenditures ). All this while we give 3 billion a year to Israel to shoot women and children, how great a Country we really are and sadly we deserve the Government we are getting!

US Spends 42% of the worlds military expenditures for 2010

Jul 29, 2011 at 1:52 PM | Unregistered CommenterAnon
Nice link Anon. Thanks.
Jul 29, 2011 at 3:31 PM | Registered CommenterDailyBail
Hey Republican politicians, take a lesson from austerity's effects in the rest of the world. Desperate people do things. See ya, wouldn't want to be ya.
Jul 29, 2011 at 6:10 PM | Unregistered CommenterDavol
Again, the person speaking most sense is......the socialist.

Moreover, Sanders is "....the first person elected to the U.S. Senate to identify as a socialist."

So, let's have some more, eh?
Jul 30, 2011 at 2:41 PM | Unregistered CommenterTLNL

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