With all the talk about repealing and replacing Obamacare, and now with the second round of talks fizzling, Trump is facing a major embarrassment. But he could end the monstrosity tomorrow if he wanted…
In the United States, Congress determines how Federal money is spent. Specifically, the House of Representatives has what is usually referred to as the “power of the purse.” The Constitution authorizes the House to raise revenue through levying taxes and borrowing money (Article I, Section 8).
Article I, Section 9, then gives Congress the sole authority for directing how that money is spent. “No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law.” Which means, that money can only be spent as directed by the bills that originate in Congress. When signed by the President, they become law.
The President cannot spend money — draw it from the Treasury — on causes that are not authorized by the law.
The Obama Administration, as it turns out, was doing just that in order to keep Obamacare afloat. Infowars ran several articles documenting this fraud:
WASHINGTON, D.C. – A careful analysis of the Treasury Department’s “Agency Financial Report for Fiscal Year 2013” provides evidence the Obama administration stole from Fannie and Freddie investors to fund Obamacare.
Guided by a CPA, who worked for two years for a major U.S. accounting firm as an outside auditor for Freddie Mac, Infowars.com has documented in the Treasury Department’s 2013 financial reports how the Obama administration diverted into Obamacare billions of dollars that Treasury confiscated from Freddie and Fannie earnings.
Why should something like this even need to be done? What omission in the Obamacare law made this necessary? Again, a recent article at Infowars explains..