ajax18 wrote:What happens if the House of Representatives doesn't approve raising the debt ceiling? Are you saying the president can't just sell treasury bonds or print more money on his own?
Exactly. Unless he chooses to invoke Section 4 of the 14th Amendment, which says the debt of the USA shall not be questioned. (Frankly, I think he would be justified, and should do it, but that's a different discussion.)
But even if he did raise the ceiling in spite of them, issuing new bonds does not equal additional spending. New debt instruments need to be issued to cover the spending that Congress has already approved and ordered.
"The DNA of fictional populations appears to be the most susceptible to extinction." - Simon Southerton
I guess once a social welfare program starts, it never gets phased out, just gets bigger and more expensive.
And when the confederates saw Jackson standing fearless as a stone wall the army of Northern Virginia took courage and drove the federal army off their land.
ajax18 wrote:I guess once a social welfare program starts, it never gets phased out, just gets bigger and more expensive.
Which explains the change for AFDC to TANF.
See if you can remember the political party of the president who ended AFDC and balanced the federal budget.
Or did you just come down here to fart too.
Last edited by Guest on Sat Jan 19, 2013 7:44 am, edited 1 time in total.
"And the human knew the source of life, the woman of him, and she conceived and bore Cain, and said, 'I have procreated a man with Yahweh.'" Gen. 4:1, interior quote translated by D. Bokovoy.
And yet the myth persists that defense spending and taxcuts for a handful of people in the highest income bracket are responsible for the national deficit. Even some democrats admit that this country has a spending problem, not a revenue problem.
That isn't a myth at all, it is an established fact. The problem is so many Republicans, in politics and apologetics, are mathematically challenged.