Jan 7, 2012
House Minority Leader Nancy Pelosi shared her own idea Sunday on how to avoid a government shutdown should the Republican House and President Barack Obama find themselves unable to reach an agreement on raising the debt ceiling: invoke the 14th Amendment to the Constitution.
Pelosi started the discussion on CBS’ “Face the Nation” by saying she didn’t believe raising the debt ceiling should be tied to spending cuts.
“I don’t think these two things should be related,” Pelosi said.
“I think that we should subject every dollar we spend, every taxpayer dollar, whether it’s defense or domestic, to the harshest scrutiny. Is the taxpayer getting his or her dollar’s worth for that spending? But on the other hand, that is a judgment that we have to make as we make cuts to reduce spending — but having nothing to do with whether the full faith and credit of the United States of America should be placed in jeopardy.”
“The mere suggestion of it last summer resulted in our downgrading of our credit rating, just the suggestion of it. It didn’t even happen, and we were downgraded.”
This article was posted: Monday, January 7, 2013 at 10:51 am