2016 Postmortem
Related: About this forumMcConnel is such a twit.
Complaining about the need for debate on the debt ceiling. When they pass a budget why do they need to raise the debt ceiling? They are wanting to approve something twice. Wouldn't this be ruled out of order under Roberts Rules when a motion has already been passed on the issue?
unblock
(52,253 posts)a budget is a projection, the debt ceiling limits the actual borrowing.
so congress might approve a budget, projecting a certain amount of debt.
but then, over the course of the year, revenues disappoint, perhaps because of a recession; and expenditures might go up based on formulas, again, perhaps because of a recession. in order to fund the expenses already approved in the budget, treasury might have to borrow more than expected and therefore go over the debt ceiling.
in theory, congress might actually want to reconsider some decisions made in the budget if the debt ceiling would be exceeded based on the way the year is playing out worse than expected.
having said that, in practice, this is all theoretical and the debt ceiling debate is much more about political posturing than anything else.
so we're back to mcconnel being a twit.
skrempi313
(29 posts)His number one priority now is to survive his own election
Proud Liberal Dem
(24,414 posts)Won't us going over the so-called "fiscal cliff" REDUCE spending, so, what, does McConnell want to INCREASE spending? Huh? I'm confused?
Bake
(21,977 posts)But now it's McConnell! I am sooooo embarassed!!
Bake