StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Obama's Struggle with Congress over Debt Ceiling Crisis - Case Study Example

Cite this document
Summary
Obama’s struggle with Congress over debt ceiling crisis In 2011, the world’s greatest super power suffered a major financial struggle when its Congress sought to increase its debt ceiling. For instance, debt ceiling is the power that Congress has to borrow from Treasury on behalf of the United States to ensure efficiency in running the government…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.1% of users find it useful
Obamas Struggle with Congress over Debt Ceiling Crisis
Read Text Preview

Extract of sample "Obama's Struggle with Congress over Debt Ceiling Crisis"

Download file to see previous pages

With this law in place, the United States government would work without prejudice or malice within itself through its various dockets. Therefore, the Senate at the time enacted this law preventing inter government wrangles by setting a ceiling or a maximum on the lending ability; this would not increase for any department no matter the situation (Woodward 1). In this regard, the United State Congress in that year needed to raise the debt ceiling, which President Barrack Obama declined. In a quick rejoinder to avert a crisis, President Obama called a crisis meeting on July 23 2011 between him and the top Congressional representatives at the White House where he sought to reach an amicable solution to the looming crisis.

The meeting later proved inconsequential. The Congressmen present included Nancy Pelosi of the House of Minority, House Speaker John A. Boehner, Harry M. Reid of the Senate Majority and Mitch Mc Connell of the Senate Minority. This meeting took place at least 10 days before the U. S went into default that threatened to cripple its function, as it would not have had money for it to run on efficiently. It was also held in the wake of a night that the speaker had called off attempts to raise the $14Trillion debt limit and save the government’s repute. . Allegedly, this infuriated the president but he could not do anything at the time.

Eventually, Obama reiterated that it was his duty to sign the bill into law therefore implying that he would not sign it. Surprisingly, the Senate Majority leader Reid Harry interjected and requested the president to allow the Congress representatives to speak in private. This was a clear indication that the president’s presence, in a meeting that he had called for, had no impact. His decency intact, Obama let them have their private session but did not take those remarks lightly. He did not want to appear as though he were a dictator and hence allowed democracy to prevail even in that particular meeting.

Some would consider it cowardly but for Obama, as the man that he is, it is the greatest act of power. To him it is not about imposing ideas and infringing other people’s rights but it is about equal participation in decision-making. In the events leading to the meeting, the four leaders allegedly plotted to use the debt ceiling increase as a campaign debate tool come the 2012 presidential elections. Obama had adamantly continued to decline to this arrangement insisting on possible consideration after the elections.

Further, the president went to an extent of calling Boehner on the night of the aborted meeting, while he was dinning with friends, to insist that he would not relent and sign the bill into law. The House Speaker pointed out to Obama that his concern was substantial but if they did not increase the debt ceiling limit at that time then the government would have to go into bad debt. Additionally, he highlighted that going back on

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Obama's Struggle with Congress over Debt Ceiling Crisis Case Study”, n.d.)
Obama's Struggle with Congress over Debt Ceiling Crisis Case Study. Retrieved from https://studentshare.org/law/1456965-inside-story-of-obamayies-struggle-to-keep
(Obama'S Struggle With Congress over Debt Ceiling Crisis Case Study)
Obama'S Struggle With Congress over Debt Ceiling Crisis Case Study. https://studentshare.org/law/1456965-inside-story-of-obamayies-struggle-to-keep.
“Obama'S Struggle With Congress over Debt Ceiling Crisis Case Study”, n.d. https://studentshare.org/law/1456965-inside-story-of-obamayies-struggle-to-keep.
  • Cited: 0 times

CHECK THESE SAMPLES OF Obama's Struggle with Congress over Debt Ceiling Crisis

Power of the American Economy

The paper "American Economy" tells us about the economic crisis.... hellip; The historical characteristics of the period preceding the crisis itself can be seen as related to the severity of the crisis, while the aftermath of the recovery period can suggest projections about the future consequences of the policies referenced drawn from economic studies and historical parallels to illustrate the possible dangers to the macro-economic environment that remain for the global economy....
8 Pages (2000 words) Essay

Analysis of the 2008 Presidential Debates

hellip; Discourse analysis can also help the observer to better understand the power struggle that can take place between two competitors, especially those warring in an arena of words, such as a debate.... This review "Analysis of the 2008 Presidential Debates" will demonstrate how competition is verbally approached in the political realm, using segments of the first two Presidential debates of 2008 as an example....
33 Pages (8250 words) Book Report/Review

The Health Policy Issue of the State of Massachusetts

The comprehensive health care reform of the State of Massachusetts was implemented due to concern that some low-income individuals would go from being uninsured to being underinsured (Long 2008).... Although the overall objective of the Massachusetts' comprehensive health care… forms was to make sure that the coverage would be adequate and affordable, this necessitates residents to obtain health insurance that does not provide minimal financial protection (Long 2008)....
13 Pages (3250 words) Essay

Political Debates: A Struggle for Dominance

ecause as we're here tonight in this debate, we are seeing, for the first time in a long time, Republicans and Democrats together, sitting down, trying to work out a solution to this fiscal crisis that was in.... Using segments of the first two Presidential debates of 2008 between John McCain and Barack Obama as an example, the analysis presented in the following paper "Political Debates: A struggle for Dominance" will demonstrate how competition is verbally approached in the political realm....
34 Pages (8500 words) Essay

Handling Economic Crisis in Housing Market

This essay will foray into the conditions that led to the present crisis in the housing market and try to assess the merits of remedial policy measures in this regard.... This essay will foray into the conditions that led to the present crisis in the housing market and try to assess the merits of remedial policy measures in this regard.... Although the actions of the Federal Reserve in the initial years of the Bush Administration are to be credited for the housing boom, exercising fiscal prudence could have mitigated the present crisis....
11 Pages (2750 words) Essay

How Obama Struggled with Congress

This has lefty him at loggerheads with congress, a situation that is likely to worsen the situations of US war in Libya.... Ironically, before President Obama became president of US, he said that a president working without consulting the congress was unconstitutional.... Obama is violating the law by unilaterally authorizing a The consultation requirements for states that the president should consult the congress before sending US military to hostile situations and these consultations should continue for as long as the military is in situations....
6 Pages (1500 words) Essay

Should the US Government Stop Corporation Bailouts

government bailout is a phenomenon in which the government provides a loan to a company or country which faces a serious financial crisis.... This paper, Should the US Government Stop Corporation Bailouts?... stresses that according to economists, allowing financial institutions and international corporations to go bankrupt could have an adverse effect on the government and especially on the citizens who depend on these organizations....
12 Pages (3000 words) Research Paper

The Financial Crisis 2008 and the Legislation in Response to this Crisis

In the course of this paper, the author looks into the financial crisis, the legislation that is in place in response to this crisis and two films that seek to reveal more about this topic in question.... The crisis was triggered by the financial crisis of the US housing market before spending on the rest of the world.... nbsp; It is said that every reaction causes an equal and opposite reaction, and the same can be said of the financial crisis in the United States in the year 2008 which is known to be the greatest financial crisis after the Great Depression of 1930 (Marshall, 10)....
11 Pages (2750 words) Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us