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View Diary: Why The Debt Limit Fight Will Be A Political Face-Off With No Gimmicks Or Constitutional Crisis (208 comments)

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  •  Thank you Gary Norton. This is what.. (9+ / 0-)

    .. I've been advocating for some time. No maneuvers or complicated workarounds that would tend to give cover to GOP, but direct challenge to the GOP:

    If the right wingers want to play hostage games let them do it - no cover, or excuses to hide behind. Make them show themselves - they're on their own playing this game.

    P.S. I'm curious though: Why has the meme been that the money has already been spent? That these are bills that have come due, not just appropriated but actually outstanding debts already incurred?

    Many people have suggested this possibility by arguing that the Congress has passed Appropriations Acts and that they require the President to spend the money appropriated, a requirement which conflicts with the debt limit law. That argument has little merit. There is no statute that says money that is appropriated must be spent if there is no money available.
    ..guess my understanding of that part doesn't matter much, cuz it should be about allowing the republicans the 'freedomz' (they say they're ready to die for) to demostrate to the world how low. destructive and incompetent they really are -  I was just curious.
    •  I brought that up to address the arguments (11+ / 0-)

      Some have made that this is not a constitutional issue, but rather a conflict between two statutory provisions. The reality as far as the money being spent his concern is that the money actually hasn't been spent until it leaves the Treasury. What has happened is that contracts have been signed which the government is obligated to pay money on. In addition, the government has legally obligated itself to pay many things such as Medicare and Social Security bills. The money hasn't actually been spent yet  the obligation surely exists.

      Further, affiant sayeth not.

      by Gary Norton on Mon Jan 14, 2013 at 10:56:52 AM PST

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    •  Some of the money spent is the payback to social (1+ / 0-)
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      security fund which they don't want to have to do. It was so nice banking those fat tax cuts bought on credit. You owe people the money you borrowed + interest....SS, bond holders, other nations with armies, soldiers in war zones, to name just a few...

      When I calculate a budget I have to take into account debts I signed on for and how much frigging interest they charge... which has changed depending on how much they trust me to pay back... so my interest goes up based on what they perceive as risk... like others not paying and walking.

      I think that the federal government (recognize that fed or state or city or county is not a family budget) owes many people money for agreements (laws) they enacted and people relied on with trust...Bust the trust and bust the government... revenge of the rebels ... destruction.... Of everyones economy where with thier beloved guns they think they can become warlords of the new Somalia.

      Fear is the Mind Killer...

      by boophus on Mon Jan 14, 2013 at 08:53:21 PM PST

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