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Except the problem is that Congress has already authorized the spending. What it hasn’t authorized is how the executive should raise the money Congress has tol
by rhaway84773 3y ago
Except the problem is that Congress has already authorized the spending.
What it hasn’t authorized is how the executive should raise the money Congress has told it to spend.
There is no limit on government borrowing besides the debt limit which comes very directly in conflict with the U.S. government’s constitutional mandate to pay its debts.
In nearly every other country the constitution would very clearly supersede the debt limit congress has created, but it’s not clear whether that’s a reliable heuristic in the U.S.
- landemva 3y ago> how the executive should raise the money Only Congress can raise money through spending bills.
- lazide 3y agoRaising money != spending it. Ideally they are a paired activity, but issuing debt can be done with no corresponding spending. And spending can be done with no corresponding (exactly) debt or taxes. And taxes are gathered by the executive, and the amount of taxes actually gathered is also independent of either body (as they’re a function of tax rules and executive effectiveness * economic activity, etc.).