Go after congress critter assets to pay off excess spending. It would stop quickly. Then the problem would be that the democRATs would want to spend on idiot projects to prevent Republicans from properly funding necessary government actions.
Its a distinction almost without a difference.
Also, demanding generally that someone "require it," (who will "require it" by the way?) is a huge difference from Congress actually doing it.
Exactly, get rid of it. It limits nothing and it cuts nothing. When its ‘deadline’ hits the spending in question has already been approved by congress so of course the limit will be raised.
I found it confusing because I didn't realize they had switched from "deaths" to "debt" since they are similar-sounding words and I couldn't imagine how Congress could limit how many people would get killed. This was when Eisenhower was President.
The proposal is a de facto debt ceiling. It merely uses a different method to impose it, bit by bit, inch by inch. If Congress does not have revenue to back a proposal they will include borrowing authority for it. Given that almost no spending is legislated as independent by independent bills for each department, the big omnibus bills will only need one voting for one agreement to borrow more.
In the end it will not change anything. The “approved” debt level will merely grow via a different process
The Federal Reserve is a much bigger fiscal fraud.
I guess that means that my checkbook balance is a fiscal fraud too. I should just ignore it.
NO.
It is not a ‘fiscal fraud’.
The LIMITATION MUST STAY.
And they need to start taking it seriously !!!
WHERE IS MY BALANCED BUDGET !!!
{Crafty how Trump got the democrats to whine for one !}
It’s just a squirrel distraction.
Congress can just spend less money!
Only eliminate it after passing a mandatory annual balanced budget requirement.
No debt ceiling has ever stopped a higher debt.