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Exactly. The budget itself is a law that the executive is required to carry out. If Congress passes contradictory laws, the president has to make a decision on

Exactly. The budget itself is a law that the executive is required to carry out. If Congress passes contradictory laws, the president has to make a decision on which to obey, and is supposed to do whatever gives him the least arbitrary power. Just following the budget is less arbitrary than effectively wielding a line-item veto by deciding which items get funded. Then the economy will carry on, and if the GOP sues and actually wins, it will be very clear that they were the ones who blew it up. I doubt they'd be dumb enough to carry through with that.

oneTbrain23 3y ago
Unfortunately that cant work as you like. UK has their Feds too and can print more easily than US but debts require purchase. Saudi and China already stop buying. Liquidity of T-bills have dropped drastically compare what it was 10 years ago. Now Fed can step in and buy those debts pumping printed money directly to US government coffers. This in turn fire up inflation. Already many countries actively aboid using USD. Reduction of using USD in worldwide commerce now hit back American shores. So as long as US governments not reigning the expenditure, Fed showing printing money DIRECTLY, inflation will keep penalising Americans. This time, there are alternatives compare to 70s. People can migrate. Immigrant can stop migrating to USA (Asians now stopped significantly migrating and investing in US in the last 3 years). Anytging Americand needed like Russian uranium and Chinese goods are now sold to American market via blackmarket. This in turn fuel the criminal organization. This is why Americans now facing rampant crimes as the increase in crime couldnt be match by law enforcement. So all this talk of ignoring debt ceiling already happening since a decade ago and the repercussions already in the works. The more you want to ignore the ceiling the more of the above hitting Americans.

oneTbrain23 3y ago

Unfortunately that cant work as you like. UK has their Feds too and can print more easily than US but debts require purchase. Saudi and China already stop buying. Liquidity of T-bills have dropped drastically compare what it was 10 years ago. Now Fed can step in and buy those debts pumping printed money directly to US government coffers. This in turn fire up inflation. Already many countries actively aboid using USD. Reduction of using USD in worldwide commerce now hit back American shores. So as long as US governments not reigning the expenditure, Fed showing printing money DIRECTLY, inflation will keep penalising Americans. This time, there are alternatives compare to 70s. People can migrate. Immigrant can stop migrating to USA (Asians now stopped significantly migrating and investing in US in the last 3 years). Anytging Americand needed like Russian uranium and Chinese goods are now sold to American market via blackmarket. This in turn fuel the criminal organization. This is why Americans now facing rampant crimes as the increase in crime couldnt be match by law enforcement. So all this talk of ignoring debt ceiling already happening since a decade ago and the repercussions already in the works. The more you want to ignore the ceiling the more of the above hitting Americans.