Tuesday, July 26, 2011

Congress Plans Impeachment?

The U.S congress is planning to file Articles of Impeachment against President Obama after he rejected another bipartisan plan debt plan to prevent the U.S from a credit default.

Earlier today republicans warned President Obama that impeachment proceedings would be brought against him if he causes the nation to default on its debt.

Congressman Steve King, the Republic member of the House of Representative from Iowa, wrote on his twitter account Monday that President Barack Obama “would be impeached” if the nation falls into default.

Politico reported afterward on King’s threat and added that other members of congress were also ready to bring impeachment charges against Obama over the debt talks. Rep. Tim Scott (R-S.C.) warned earlier this month it would be “an impeachable offense” and Bruce Fein has already drafted articles of impeachment for House republicans to introduce.

As the August 2nd deadline of a default on U.S. draws near, the major rating agencies have already warned that a credit rating downgrade may now be inevitable due to the political bickering within members of congress and with the President.

After the warnings of impeachment hearings were given to President Obama he rejected yet another bipartisan debt plan earlier today.

The rejection of the plan means that a U.S. default may now be unavoidable as leaders of both political parties have been pushed beyond the limits of concessions they are willing to make as part of a compromise.

No comments:

Post a Comment