If President Obama invokes the 14th Amendment to raise the debt ceiling, he would "effectively be a dictator," Republican Presidential candidate Rep. Michele Bachmann says in an exclusive interview with American Morning's Kiran Chetry.
“Congress has the power to lay and collect taxes," Bachmann says. "It's Congress that does the spending. The President is prohibited to do that. If he had the power to do that he would effectively be a dictator. There would be no reason for congress to even come into Washington DC. He would be making the spending decisions. He would be making the tax decisions. Clearly that's unconstitutional.”
With five days until the Aug 2nd deadline, the House is expected to vote on Speaker John Boehner's plan to cut government spending and raise the nation's debt ceiling. And Bachmann, along with a growing number of House Republicans, is saying she doesn't support the Speaker's plan.
Kiran sat down with Bachmann yesterday to talk about her decision to run and how she would fix the nation's debt problems. The full interview will be uploaded throughout the morning. Stay tuned to American Morning for more.