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Tyler Durden / ZeroHedge
UPDATE: Senate Republicans block vote on President Obama’s debt-limit plan
The Pharaoh-like power-grab of omnipotence that Egypt’s Morsi recently pulled seems to have set a precedent among newly ‘elected’ leaders. This morning, as per Bloomberg, we hear that Obama (and his viceroy Harry Reid) plan to demolish the idea of congressional checks on the debt limit. Incredibly ironic timing – given our previous post (in which Rick Santelli explains why this is a potential disaster), but placing that much unlimited money power in the hands of one man seems like a mistake:
Perhaps – though obviously politically biased, Mitch McConnell is on to something (as per National Review):
“By demanding the power to raise the debt limit whenever he wants by as much as he wants, he [Obama] showed what he’s really after is assuming unprecedented power to spend taxpayer dollars without any limit,” McConnell said.
“Look: the only way we ever cut spending around here is by using the debate over the debt limit to do it,” he added. “Now the President wants to remove that spur to cut altogether.”
http://www.zerohedge.com/news/2012-12-06/us-not-egypt-obama-about-go-morsillini
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ex animo
dacvidfarrar
I believe the word to describe this action is called, “Autocracy” and this is the exact same path ‘Hitler’ took just a few years ago. The conditions that put Hitler into power were unemployment, social injustice, inflation, political disillusionment and extreme nationalism. The fundamentals of autocracy are a central figurehead, surveillance of the public, discipline and strength through unity. When you get to this point an autocratic leader has so much power they can change he laws as they feel fit. Therefore; your have to ask yourself, is another dictatorship possible ?