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To: IndePundit

None of Obama’s debt was “authorized by law” as there has not been a budget to authorize the spending.


5 posted on 07/14/2011 10:48:22 AM PDT by Ingtar (Together we go broke (from a Pookie18 post))
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To: Ingtar
-- None of Obama's debt was "authorized by law" as there has not been a budget to authorize the spending. --

Congress has passed Continuing Resolutions that authorize the disbursements from the public treasury. Congress has passed a conflicting debt ceiling. One or the other has to give, somewhere.

7 posted on 07/14/2011 10:52:02 AM PDT by Cboldt
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