Current Events — HabitableZone

Current Events » in reply to What does this mean?

re: Every few months congress needs to pass a new law raising the national debt ceiling.

Thus enabling the US government to spend even more money that it does not have.

It's a legislative formality that running a surplus would eliminate. Technically, the government would be required by law to shut down if the debt limit is reached and then congress fails to raise it...Like I said: It's a formality.

Both right and left love to spend, spend, spend. Maybe in Bush's second term he'll adopt a hard line on spending (Don't hold your breath).

A Kerry win won't change anything. His agenda is just as spendy, if not more so.

Scott Evil

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