His Majesty Obama and the Debt Ceilingby Wendy McElroy
Jan. 11, 2013
WATCH: Bernie Delegate Interviews Seat Filler at the DNC!
Austria: Syrian Migrant Caught 'Masturbating Next to Children's Playground'
IRS Launches Investigation Of Clinton Foundation
Historic? Malia Obama Skips Hillary's DNC Speech for Lollapalooza Music Festival
Poll: Trump Takes Lead Over Hillary After Gaining 17 Points in Two Weeks
President Obama may be poised to claim an unprecedented executive power. Or not. It depends on whether you credit official denials from White House Press Secretary Jay Carney or public statements from high-ranking Democrats. The monarchical power in question is the ability to raise the debt ceiling at will. It involves bypassing the House of Representatives, which currently has the constitutional authority to initiate all revenue bills.