Who will get the blame if there is no agreement on extending the debt level and the markets crash. Obama or the Republicans?
US Debt default.
Jul 24, 2011
1 Replies
The supporters of each will blame the other.
In reality and as a matter of constitutional law it is solely the function of the legislature to pass the relevant bill after which the president has the power to sign or veto. Why this president is even engaging in any kinds of "negotiation" about future year budgets as a pre-condition of the US being allowed to pay for the budgets and expenditures of prior years is a total mystery to me.
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