The U.S. Constitution states, "All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills. Every Bill which shall have passed the House of Representatives and the Senate, shall, before it become a Law, be presented to the President of the United States: If he approve he shall sign it, but if not he shall return it, with his Objections to that House in which it shall have originated, who shall enter the Objections at large on their Journal, and proceed to reconsider it. If after such Reconsideration two thirds of that House shall agree to pass the Bill, it shall be sent, together with the Objections, to the other House, by which it shall likewise be reconsidered, and if approved by two thirds of that House, it shall become a Law."
"The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts .. To borrow Money on the credit of the United States," notes the Constitution.
The power in this battle resides in Congress, specifically in the House of Representatives as the originator of all appropriation bills. The people elect the House of Representatives every two years -- therefore the power resides in the people.
The president can claim the power, but the people, we the people, have the power. We the people have to use our power, however. Our elected officials will respond to us if we, the people, hold them accountable.
Gingrich is the only presidential candidate who has balanced the federal budget. How did this happen? According to Gingrich, by standing firm. "Government closed for five days in November 1995 ... the government closed 21 days from December to January 1996," said Gingrich on "Hannity." "Those 26 days convinced (President) Bill Clinton that we (were) deadly serious, we weren't playing a game."
"Now is the time to be calm, courageous, creative and clear," advised Gingrich about the current debt ceiling battle. "Obama is under as much pressure. ... This is a hard business. ... You have to have the courage to stand there and take the heat."
Will we the people have the courage to take the heat and demand accountability from our representatives? Until people prove to Washington that we have the power, Washington power brokers will continue to believe that the power resides with them. This will be a phase of great national character development.