The comment is from Rep. Steve King (R-IA), who told his followers on Twitter that they should "stop talking about" a potential U.S. default.
"The 1st dime of each $1 of revenue services debt," he wrote Monday. "Obama would be impeached if he blocked debt payments."
The comment is ironic in that Republicans have played the largest role in pushing the U.S. government to the brink of defaulting on some debts by refusing to lift the nation's debt ceiling
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Congressional Republicans raised the ceiling nine times during the Bush administration, adding over $4 trillion to the nation's debts. President Obama, as a freshman Senator from Illinois, voted in 2006 against raising the debt ceiling, but has since called his decision a mistake of inexperience
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Today the president and Treasury are warning that if the debt limit is not raised before August 2, the government will be forced to default on some of its debts. President Obama even warned that Social Security checks might not arrive on time, or at all, if Congress cannot secure a deal. Raw Story
The U.S. constitution stipulates that only Congress can authorize the federal government to borrow money. Since 1962 Congress has raised the debt ceiling 72 separate times, including 10 times in the past decade alone. Al Jazeera
When Obama took office in January 2009 in the midst of the biggest economic turndown since the Great Depression, U.S. public debt stood at $10.6tn. This May, two and a half years later, the current debt limit of $14.3tn was reached. Al Jazeera
House Speaker John Boehner is faced with the fact that as many as 40-50 of his members oppose a debt ceiling increase on principle. Guardian
Republicans have repeatedly sidelined talks, insisting that tax increases for the wealthiest Americans and corporations are unacceptable, as are cuts to national defense. They've instead focused on plans that would eliminate Medicare, dip into the Social Security fund and dramatically reduce the government's workforce. Raw Story
The U.S. officially hit its $14.3 trillion debt ceiling on May 16, 2011. WSJ
The U.S. government could potentially default on its debts on August 2. Industry Leaders Magazine
The U.S. Treasury is borrowing $4.22 billion per day, adding to the current debt. Real Clear Politics
Congress has raised the federal debt limit 10 times over the past 10 years. National Journal
U.S. default: An impeachable offense?
As Washington's debt ceiling stalemate threatens the American economy, conservative Republicans warn of dire consequences — for President Obama
Best Opinion: No More Mister Nice Blog, American Conservative, New Republic
Rep. Steve King (R-Iowa) took the rhetoric in the debt ceiling debate to a new level on Monday, saying via Twitter that President Obama could be impeached if he lets the U.S. default on its debts. King said there's no reason to even suggest default is a possibility on Aug. 2, when the Treasury Department says the government will run short of money to pay its bills, because, in King's words, "the 1st dime of each $1 of revenue services debt," so while we might fall short on other financial obligations, the U.S. will always pay its debts. Rep. Tim Scott (R-S.C.) has also mentioned impeachment, should Obama raise the debt ceiling without congressional approval. Is impeachment really a possibility, or is this just wishful thinking on the part of conservative Republicans?Let's hope the GOP tries this nonsense: "Impeachment would be a good thing," says Steve M. at No More Mister Nice Blog. Not because Obama deserves it, but because such an attack "without any semblance of an impeachable offense would smack some sense into America." It would prove once and for all that our political system isn't broken, it's "being destroyed by a specific cabal of sociopaths known as the Republican Party."
"Impeachment of the president? Would that also count as 'both sides are to blame'?"
Impeachment should be on the table: Rep. King is right, says J.D. Longstreet at American Conservative Daily. "There will be no default — unless Obama wants there to be a default." And if Obama torpedoes the economy by refusing to make debt payments or, as he has considered, raises the debt ceiling without congressional approval, he'll be putting his own political aims ahead of the American people, and the Constitution.
"Obama is in over his head ... again!"
Republicans might try impeachment, but not over this: "I'd be pretty surprised if the debt ceiling leads to impeachment," says Jonathan Chait at The New Republic. The mainstream GOP is not going to such extremes yet. But if the GOP misses its "one real chance to oust Obama — the 2012 elections — "the impeachment sentiment currently lingering around the margins [may move] toward the mainstream of the party."
"Obama impeachment watch"
ATC Says - the one real threat the Republicans fail to acknowledge or see is that because of their unwillingness to show solidarity with the Tea Party when it first began to emerge in the beginning and instead attack it the Tea Party will run on the ballot in the 2012 elections as a third party. History has shown that when this happens it tends to split the Republican vote and hand victory to the Democrats as was true with the Case of President Clinton when Perot ran against him as an independent....well we all know the outcome of that election don't we! History threatens to repeat itself once again as we are coming up on the 2012 election cycle with a growing tea party of conservatives disenchanted with the Republican Party that threaten to run candidates as a third party....if Obongo Wins re-election folks then all bets are off. Everything he has done and implemented up to this point has been carefully carried out and orchestrated because he wants to be re-elected... Once he is re-elected then he can do what he wants without fear of the polls therefore.....Impeachment may be the only legal recourse we as American citizens are left to save our country from financial oblivion and set our nation back on the correct course towards economic prosperity and growth!
This isn't the only grounds for Impeachment by far....there is another move that is calling for Obama's impeachment regarding America's Involvement in Lybia:
Bruce Fein, former Reagan administration, has introduced an article of impeachment against President Obama back in April 2011 for getting the US involved in a war in Libya without Congressional approval. Fein explains:
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