Lesh
Diamond Member
- Dec 21, 2016
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Pure nonsense.No, they are entirely related. Here’s why
You are increasing debt to pay for prior years obligations. Think about that. This means there is literally no cap on spending. You pay for previous debt, then create new obligations that will then have to be covered by next years debt ceiling increase. To me, that’s just some funny money nonsense that only works in government.
What they need to do is pass a budget that covers. FUTURE spending. That’s what a budget is supposed to be.
Our government entirely operates on debt. That’s what the whole system is. When you are raising money to cover prior expenditures..that’s a debt economy.
If you want to cut spending you don’t do it AFTER THE FACT.
You do it when you pass a budget.
Do you manage your household spending like that?
One day you notice that you’re spending too much so you just decide not to pay your credit card bills?
That’s NUTS