Post #25 by Neuromancer on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks ❤

Unthreaded | Threaded | Whole Thread (14)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 2

"So if Congress authorizes a given level of spending that exceeds current estimated revenues, there's no presumption that the difference has to be - or is intended to be - met by issuing debt. Congress has to choose how the shortfall will be funded."

Having a limit on the debt doesn't change that.
Rather than having a limit, make spending bills specify the source of funding - with debt as a default in the absence of any specific source.

It's really too late to be discussing debt limits when the spending is already authorized.

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (14)

Prev | Next

Announcements

Macroeconomic Trends and Risks FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.