Quote:
Originally Posted by randallscott35
You do know that we take in way more than the interest each month...balance the budget. Enough of this. Time for the cat food boomers.
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i agree, balance it.
that said, they've already spent the money in past budgets, which is why we're about to hit the ceiling. but i can tell that you've read none of the articles i've posted, that explain the difference between spending and the ceiling. you probably think they should just pay 'important stuff' which is actually illegal. they have to pay bills as they come in. if the debt ceiling isn't changed, the treasury no longer will have borrowing authority to pay things as they come due, while they wait for deposits.
it's akin to operating a business and having no line of credit. i'm sure employees want paid every two weeks, regardless of cash flow.