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.
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.
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.
Period!
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In my humble, but correct opinion, this whole Debt Ceiling nonsense should be repealed entirely.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!
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.
I was born in Miami, Florida, the son of an Air Force officer, traveled the world, was saved at age 17, and have served the Lord since. That's me on the left and my lovely wife, Bonnie...the pretty one...on the right.
1. Absolutely no foul language (including the use of asterisks). If you are not man or woman enough to control your language, you are not welcome here...go somewhere else.
2. I am not looking for strings of commenters arguing with each other, so confine your comments to the topic at hand and address your comments to me, unless you can be exceptionally gracious and polite.
3. Since this is my blog, I am the sole arbiter of what can be placed on this blog. My decisions are final and without recourse. All anonymous comments, unsigned, will be deleted, as will ad hominem attacks against me or others.
4. Within the scope of those rules, you may feel free to have fun here (I sure will). Sarcasm, wit, half-wit, nit-wit, parody, satire, puns (especially puns), etc. are encouraged.
FOUR PRINCIPLES THAT DEFINE TRUE CONSERVATISM:
1. Respect for The Constitution
2. Respect for Life
3. The Smallest Possible Government
4. Individual Responsibility
This blog is about my philosophy of government, which is a very conservative philosophy.
You are not required to agree with me (although you would be better off if you did).
I am biased toward conservatism, and make no apologies for that.
Freedom means not being controlled by the government, that being the very reason we declared our independence from Great Britain.
Government's job is not to provide things for people, but to provide the opportunity for people to persue the things they want via the vehicles of freedom and responsibility.
FAIR USE: This blog may contain copyrighted material. Such material is made available for educational purposes, to advance understanding of human rights, democracy, scientific, moral, ethical, and social justice issues, etc. This constitutes a ‘fair use’ of any such copyrighted material as provided for in Title 17 U.S.C. section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit for research and educational purposes. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission from the copyright owner.
8 comments:
:: sigh ::
Do I have to explain to you, yet again, how government spending works???
Really?
XO: Please don't. You get it wrong every time.
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.
Pardon the sketchy editing from my phone.
Joe - The Groundhog Day clock is supposed to be the same every morning.
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.
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.
Period!
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!
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.
http://rt.com/business/debt-ceiling-default-usa-931/
Post a Comment