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View Diary: Surprise! Debt-Ceiling Deal Gives Obama A Blank Check Until February (40 comments)

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  •  The president (treasury, actually) (12+ / 0-)

    can only spend money that congress appropriated. At the moment, that means any statutory spending (SS, Medi's, bond interest, etc.) and the CR (continuing resolution to keep the dozen-plus government agencies funded at previously agreed  [sequester] levels. And the gov. can only borrow enough money to pay THOSE obligations -- obligations that most republicans voted FOR, including Boehner and McConnell.

    To let understanding stop at what cannot be understood is a high attainment. Those who cannot do it will be destroyed on the lathe of heaven.

    by PBJ Diddy on Fri Oct 18, 2013 at 05:18:58 AM PDT

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