... the validity of the public debt … shall not be questioned, A budget is a roadmap. It is flexible because it must be. Think of it like finding out your car needs repairs beyond what you budgeted for transportation. What do you do? You increase the amount for transportation and fix your car. If you had enough flexibility in your budget and it isnt topped out, you might lower how much you spend on other budget items. If your budget has already been fully obligated and your debts (mortgage, car payment) leave you no wiggle room, you pay with a credit card thus writing yourself a loan and increasing your debt. You raise your budgets debt ceiling so that you can pay your obligations. THEN you adjust your budget and look for things to cut. You do not default and then look for ways to stretch your budget. Is that too simple for the House GOP to understand?
Posted on: Tue, 15 Oct 2013 16:53:10 +0000
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