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Unfortunately Congress and only Congress has final budgetary spending authorization abilities via the Constitution. There is little that can be done here while
by garciasn 4y ago
Unfortunately Congress and only Congress has final budgetary spending authorization abilities via the Constitution.
There is little that can be done here while we are in a deadlocked political situation in this country.
- dpkirchner 4y agoIt's ok that congress has that authority, however it should be implied that when they grant spending authority that the treasury may raise money to pay for what Congress granted.
- neilwilson 4y agoMoney isn't raised. It just appears as a function of the way banks account for transactions. That's the key misunderstanding here. There are no silver coins, just a bunch of promises.
- gizmo686 4y agoCongress passed laws authorizing the spending. If they don't want that spending, they can pass new laws repealing it. Also the same Constitution that grants Congress budgetary authority also provides that: > The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void. The debt ceiling is unconstitutional as it would cause the Government to default on lawfully authorized debts, in contradiction to the 14th amendment.
- zinekeller 4y agoI heard that Biden's counsel might actually try to file a case against the legislative branch (as an institution, not specific people) about the debt ceiling (instead of negotiating with Republicans), which would be popcorn time.