The Debt Limit is A Rational Check on Presidential Power

http://www.4yourcountry.org/2013/09/the-debt-limit-is-a-rational-check-on-presidential-power.html ^ | 9/20/2013 | 4yourcountry

[CriticalThinking]

If the government reduced spending to avoid raising the debt limit, would the economy collapse? No. So why does adhering to debt limit and forcing reductions cause a collapse?

Of the 84 times the Debt Limit has been raised, every time the president negotiated with congress over budget and other issues. What is actually unprecedented is the current president's unwillingness to negotiate.

[Jim Noble]

So why does adhering to debt limit and forcing reductions cause a collapse?

Because the money's not real.

[DaveA37]

Odumbo needs to go golfing so the rest of us can get on with the problems America faces. All he does is contribute to the problems. He needs a permanent unpaid “vacation” without the benefits.

[PubliusMM]

The headline is ridiculous. The Congress (starting in the House of Representatives) sets the budget and controls the purse strings. The President does NOT.

The debt limit is a construct born out of the perceived ‘necessity’ for deficit spending.

The long and the short of the whole damn mess is to get away from the current method of budgeting used in DC. Get back to true zero-based budgeting. Scrap the notion that levels already appropriated are a starting point for the next budget, and stop lying to the American sheeple.

[CriticalThinking]

I agree in principle, but the president through executive action can cause us to incur more debt (for example issuing bonds at 1%, they retire, and then we are forced to cover that debt with new bonds at 3%). Theoretically that can be controlled by congress, but practically it can’t. So we always should have a debt limit to curtail the accumulation of unintended effects from past congressional, executive, and judicial decisions.

[bandleader]

Of Course It Is!The Founders Placed”The Power Of The Purse”In The Hands Of The House Of Representatives!!!!!!!!!!

[Cheerio]

Of Course It Is!The Founders Placed”The Power Of The Purse”In The Hands Of The House Of Representatives!!!!!!!!!!

FOR THE VERY REASON OF PUTTING A CHECK ON AN OUT-OF-CONTROL LITTLE BOY KING WHO IS USING ONE CREDIT CARD TO MAKE MONTHLY PAYMENTS ON OTHER CREDIT CARDS. The founders also understood the voters would some day be so dumbed down as to elect a moron that has never ever worked in the private sector, has no clue about economics or business operations, and has surrounded himself with scholars with no experience.

The founders knew all too well what they were doing.

[imardmd1]

But the continual devaluing of our money over a period of a century (the instituting of income tax) is real and ever increasing.

Those who earned it are impoverished (through instituting income taxation--1913) by those who wish to be enriched by permanently "borrowing" it.

This is enslaving our children by mortgaging their past (stealing from the elderly) for us to consume in the present

[Doug Loss]

When has the debt limit NOT been raised whenever it’s approached? The answer is never. The “debt limit” is nothing of the sort—it’s merely a rhetorical device to try to convince the public that there’s some sense of responsibility among the Government Class in Washington. There isn’t, and never was.