The debt limit restricts government expenditures to the amount of its incoming revenues; it does not prohibit the government from servicing its debt. There is no direct connection between the debt limit (actually the exhaustion of the Treasury’s extraordinary measures to raise funds) and a default. Please understand: only 17% of the government is shut down, the only things being shut down are the most noticeable, to punish us for daring to ask the government to control spending, and the vote is for a continuing resolution to fund the government, which has been operating without a budget for five years so it can keep spending at elevated 2009 stimulus levels. There should be no more CRs and spending should be rolled back to 2008 levels, obviously 5 years if stimulus isnt doing it. Shame on all of you idiots talking shit about congress for trying to stop the massive growth of our FedGov as a percentage of our GDP, and workforce. See how easy it was for one of their glitches to shit down foodstamps for millions? You want them controlling ALL OF HEALTHCARE?
Posted on: Tue, 15 Oct 2013 01:38:05 +0000
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