Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: SeekAndFind

The House passed a budget already. I would bet that budget has a deficit. If it has a deficit, then that would imply that the Sec of Treasury has authority to borrow the money to cover that deficit, debt limit or no.


18 posted on 07/14/2011 6:46:47 PM PDT by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Blood of Tyrants

If the Ryan budget which passed the House passed the Senate and was signed by Obama(neither of which will happen) it would go over the debt limit, too and require an increase in the debt limit. There is going to be an increase in the debt limit we just don’t know the terms of it yet. Both Boehner and McConnell have publicly said so.


52 posted on 07/14/2011 7:20:21 PM PDT by mighty atlas
[ Post Reply | Private Reply | To 18 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson