Wednesday, February 12, 2014



Xavier Onassis said...

:: sigh ::

Do I have to explain to you, yet again, how government spending works???


Joe said...

XO: Please don't. You get it wrong every time.

Xavier Onassis said...

The debt ceiling has absolutely nothing to do with spending. It has to do with paying. Spending occurs when congress passes legislation authorizing spending. All raising the debt ceiling does is allow the government to borrow the money to p as y the bills it has already incurred. Not raising the debt ceiling would be exactly like eating at a restaurant and then skipping out on the bill.

Xavier Onassis said...

Pardon the sketchy editing from my phone.

sue hanes said...

Joe - The Groundhog Day clock is supposed to be the same every morning.

Joe said...

XO: "The debt ceiling has absolutely nothing to do with spending."

Poppycock! When the debt ceiling is raised, spending increases because if there is one thing certain: If the government CAN spend money, it WILL spend money.

A dime on your credit card is a dime plus interest out of your pocket, whether you pay it off on time or late. The same is true of government. Every billion owed is a billion gone, whether today or tomorrow, it is money that cannot be spent twice (although some in government certainly try).

The government is not bound by a different set of economic truths. Raising the debt ceiling certainly DOES result in increased government spending AND paying. You have to buy (or pay an employee) to have something to pay for.

Xavier Onassis said...

Joe - "Poppycock! When the debt ceiling is raised, spending increases..."

No, no, no, no!

You have clearly demonstrated, once again, that you have no idea how our government actually works.

Government spending is authorized by Bills that are introduced by The House of Representatives, passed by The Senate, and signed by the President.


The "Debt Ceiling" has no part in the spending process and it is not found anywhere in the Constitution.

The Debt Ceiling was introduced in 1917 as a limit on the amount of money the Federal government can borrow in order to pay for the spending that the Congress has already authorized via Bills that have already been passed.

In other words, the meal you ordered at the restaurant is the Bill passed by The Congress. You already authorized the spending by ordering the meal. The only question is whether you will pay the bill or skip out like a deadbeat.

In my humble, but correct opinion, this whole Debt Ceiling nonsense should be repealed entirely. If Congress authorizes the expenditure of government funds by passing legislation then the government needs to pay its bills.

There should be no negotiation, no quid pro quo, just pay the bill!

Xavier Onassis said...

Oh, one last thing...the creditor that the government is borrowing from in order to pay its bills? The American tax payer. So if the American government defaults on its debt by not paying its bills, we pick up the tab.