General Discussion

fadedrose

(10,044 posts)

13. Thank you for the information

Tue Oct 15, 2013, 09:57 PM

Oct 2013

It seems that Gephart had the intent that the credit limit be done in concert with the budget, to pay for it, and Newt wouldn't go along with it because he wanted the power to control spending.

An awkward situaton when programs are voted for and the money for them isn't voted for without a separate bill.

The expression, "raising the debt ceiling" is still, in my not-humble-enough opinion, the dumbest name that could have been chosen. It gives the conservatives nightgmares and even makes this old liberal a bit nervous, even tho I know what it means....

thanks....

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Things I don't understand about the debt ceiling [View all] fadedrose Oct 2013 OP

It is a ceilng in that it was the highest amount that the Government can borrow... Agnosticsherbet Oct 2013 #1

Why is there not a term to say when payment is due? fadedrose Oct 2013 #2

Payments come due all the time, and there are hundres of thousands, perhaps several milion distnct Agnosticsherbet Oct 2013 #4

You just touched a nerve.... fadedrose Oct 2013 #7

The debt ceiling law should be repealed and the word burried under a stack of obsolete dictionaries. Agnosticsherbet Oct 2013 #8

Atta boy!!!! fadedrose Oct 2013 #10

The quick answer is procon Oct 2013 #3

To the average yokel fadedrose Oct 2013 #5

"Spending Limit" sounds nicer fadedrose Oct 2013 #11

Think of it as a line of credit Gman Oct 2013 #6

I would like.. fadedrose Oct 2013 #9

Today it's nothing but a political football. Uncle Joe Oct 2013 #12

Thank you for the information fadedrose Oct 2013 #13

The Republicans are only in it for power, they have never been about a balanced budget it's Uncle Joe Oct 2013 #14