Hitting the Debt Ceiling is a Warning
by Rep. Todd Akin (R-MO)On May 16, 2011, the United States reached the current debt ceiling, $14.3 trillion. In essence, that number represents our national credit limit – the United States government is unable to borrow any more money unless Congress increases the debt ceiling. Thanks to a few short term accounting tools, the Treasury Department says that current funds will last until August 2nd. If the debt ceiling is not increased by that time the Administration warns of serious consequences, since other countries and individuals who have invested in U.S. debt may fear that they won’t recoup their investment.
Usually, when the federal government is about to reach the debt ceiling, Congress just raises the ceiling and continues spending dollars that future generations will have to pay back. That’s why I’ve voted “no” the last seven times the House has considered raising the debt ceiling, under both President Bush and President Obama. I voted “no” last year. I voted “no” again last month, when the House considered legislation requested by President Obama to increase the debt ceiling by $2.2 trillion without any reductions in spending.
The call to raise the debt ceiling is an obvious indicator of our national spending addiction. It is also a warning that our national credit card bill is coming due.
Moody’s and Standard and Poor’s, two major credit rating agencies, have already warned that the United States is facing a down-graded credit rating if we do not get our national debt under control. A lowered credit rating would make borrowing more expensive and reduce tax dollars available for other priorities. Some economic analysts warn that the United States is in worse trouble than Europe if we do not decrease our level of borrowing.
Last year, I introduced legislation to make it more difficult to increase the debt ceiling by requiring a three-fifths majority vote. This year, I introduced the Spending Priorities Act, a failsafe spending plan to manage federal spending if the United States Government reaches the statutory debt limit or experiences a funding gap. Such legislation is prudent but it is not sufficient.
We must end our nation’s addiction to spending. At the current pace, our national debt will exceed the size of our economy in two years. Within three years, the interest on our debt will cost our country $1 billion each day. As Admiral Mike Mullen, Chairman of the Joint Chiefs of Staff, said last year, “The most significant threat to our national security is our debt.”
I firmly believe that any debt ceiling increase must be accompanied by real cuts in current spending as well as long-term budget reforms. We must show our creditors and the entire world that we recognize the severity of our current economic situation and we will control our debt before it controls us.
I believe that we should also pass a Constitutional amendment to cap the size of the federal government and tie it to a percentage of our gross domestic product (GDP). We cannot afford the amount of federal government we have today, but there are those who continue to advocate for even more federal borrowing and spending. A cap on the size of government would prevent the radical growth in government that we have seen in recent years.
Americans know that the credit card bill eventually comes due. When I talk to people in Missouri, the message is crystal clear – change “business as usual” in Washington and stop the overspending.
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90 Comments
No more borrowing. Pass a Balanced Budget Amendment.
Washington needs an intervention. The same treatment any loved one would get when dealing with a crippling addiction. Followed by a cold turkey de-tox.
A Balanced Budget Amendment with a cap on tax rates, both pegged to GDP. Do it now or watch us swirl down the drain before the end of the year.
BTW – I paid my quarterly estimated taxes yesterday. You have no idea how much it infuriates me to know that the money I earned is being wasted on and by a bunch of idiots that can't bring themselves to what is right.
It's like maxxing out all your credit cards is a warning: STOP SPENDING MONEY YOU DONT HAVE AND CANT PAY BACK. Of course, the looters in the democrat party don't see it that way.
As sad is it is to say, why would you stop spending when your pals over at the fed can just buy the debt and print more money? It is the systematic and incremental auction of U.S. sovereignty. Under a cloud of obfuscation and constant spin, the "representatives" serve every interest except the interest they swore to serve. I am cynical to say the least.
this is why you aren't supposed to know how your money is being wasted. You need to be watching American Idol and trying to figure out who Angelina Jolie is screwing
Disband the Fed Reserve. 12 people should not have the power to print money and manipulate our economy. We got along without them before. No more quantatative easing!
Get rid of hundreds of Federal agencies and departments to start with. The bureaucracy created does little except suck money down black holes to fund program after program and project after project that the Federal government has no business dealing with in the first place.
Clean up the waste and fraud in Govt. Why did 6.5 Billion dollars go out for fraudulant Social Security payments?
And don't blame the trusting Americans who worked hard and contributed to their SS savings plan. Blame Government who doesn't monitor the payments.
Hold Govt accountable. No more career politicians and definitely no more Globalists with allegience to other Countries and to Globalism. Out with traitors!
Michelle Bachman made reference to it in the debate and,……
it was totally ignored:
Pay the interest on the debt up front and than,…….
pay for everything else with what is left over.
Why isn't this shouted from the rooftops by Republicans.
If it's not in the constitution, it's illegal and it has got to go.
Exactly Dave. Chop this Government into a third of itself. There are too many duplicate Agencies and too many Govt Regulations, but I've yet to see them disbanded.
The waste and fraud that would be saved, could pay for everything and bring US to solvency. As stated above. Our Govt is like an addict. They will take and waste all that they can get, and more. Now that we know this, where is the list of Agencies that were cut? Oh I forgot we have a King in charge who needs to overwhelm Americans with a top-heavy Regime, and is backed by a team who enables him. Out you go Mr. Taqiyya!
Rep Akin is one of a few good guys. We must not raise the debt ceiling. Sure it will be painful, but raising it makes it more painful some other day. We also must increase revenue, there is just no other choice. Govt regulation and uncertainty are killing the economy, no obama it's not ATMs killing the economy it's you and your agenda.
I am almost out of the woods financially. My mortgage lender even had a date of foreclosure. I reduced spending everywhere I could, gave up all luxuries, even cut my own hair now. All great but increasing my revenue was the real key. I am very competitive bidding my work, I tell people I judge to be good that I must get their work, I am open and up front with my situation and in about another month I will have a surplus and still a good deal of work. I also am re inventing myself daily.
"…the Treasury Department says that current funds will last until August 2nd. If the debt ceiling is not
increased by that time the Administration warns of serious consequences, since other countries and indi-
viduas who have invested in U.S. debt may fear that they won't recoup their investment."
Uuuh… might I remind you of GM and Chrysler bondholders???
"…other countries and individuals…" Tough $#iT, … I guess they made a bad choice. When I make a
bad choice no one suffers, but me… As the o-HOLE would opine, "They're just rich peeps anyway, they'll
hardly miss their money. Besides, it'll be a big tax write off for them."
Who are these countries and individuals mentioned? Do we care? I hope Big Labor has a place at this table.
WHAT A COUNTRY!!!
.
I have had just enough of the Feds crap pnipni. Audit the Fed publicly and then we surely will want to eliminate the sucker. Everyday the dollar I earn has less value because of the Fed. The Fed makes as much sense to me as ethanol…NONE! Let's turn the country around and let's get rid of all the crap once and for all.
They're not called "Tax & Spend Liberals" for nothing!
Our Government could run more efficiently with one quarter the size it is now. Medicare has so much fraud but nobody does a damn thing about it.
"At the current pace, our national debt will exceed the size of our economy in two years."
If you have water pipe burst at your house, who do you call … a lawyer, a hedge fund salesman, a community organizer?
At this point in our history we need EXPERIENCED business and finance people at the helm to stop this train wreck.
Cain / Bachmann 2012 !
The current Administration should have their pay confinscated because they are not doing their job, wasting money is not their job, how long would any of them last in the private sector?
Exactly one cornpone. Leave it to Hussein to worry about 'other Countries' instead of U.S. He continues his contempt for Americans who work for their money. He wants a percentage of that above and beyond taxes. He wants outright 'Redistribution of our earned wealth' aka, Marxism. Clearly he doesn't have an American mind and shouldn't be an American President.
I'm holding my quarterly payments until I see the direction they decide to go, makes no sense, just my little protest I guess.
Do NOT raise the debt ceiling no matter what.
That's not quite accurate.
Yeah, my accountant and I were talking about the idea that holding back on the quarterlies and just paying it at year end along with the penalty might be a smarter play right now. I just hate the idea of giving them any more than I already have to.
Here's an Obama quote: ' I did not run for office to help out a bunch of fat cat bankers from Wall Street' We now know that he ran for office to 'Fundamentally Transform America' into Marxism.
Then he proceeded to levy his ton of Financial Regulations on them which proved to be nothing more than a socialistic attempt to stifle our free markets. Fortunately Americans are like amoebae. We morph around Socialism right back to Americanism! aka free markets & free enterprise.
PS- and omarxist's minions are not involved in the financial markets and Fed Reserve?………….
Hitting the debt ceiling is a clear indication that a nations government is bigger than necessary. Our government could easily pay for the essential services we need with its tax revenue without the need to be in any debt what so ever. Our national debt should be zero.
thats exactly it. since when is it the taxpayers responsibility to pay for the bad choices of others?? if you buy a car, then lose your job then your car is repossessed…well, thats the way it goes sometimes. nothing in life is guaranteed.
WoW, Hadit… Your personal story is inspiring… Thanks for sharing, and CONGRATS on your newfound
methods of finding success. This ability is within us all IMO. We only require a catalyst to awaken us to
the possibilities. I'm heartened to hear you are so close to reaching an important goal, and constantly
innovating is key to your continuing success.
Truly, Happy Trails!
; )
That works too.
Either way a powerful and RESPONSIBLE combo !
that would be nice, when my bank account is empty………….i just refill it, it sure makes me mad…..
This is a godawful situation people…
Thanks dbk… and to carry it out one step further… do you think that finance company that repo's
your car loses money on the deal? HELL NO they don't. Their system is set up to absorb a cer-
rain percentage of those "bad" loans, and they WILL make a profit on virtually every transaction.
.
You're right, the waste and fraud that could be eliminated could pay for everything.
Simply "reforming" these programs and agencies won't work. Every time government "reforms" something, it ends up costing more and it becomes even less efficient. The only way to get rid of the waste and fraud is to eliminate the programs and agencies completely.
Here's the bitter truth. We have spent ourselves into a hole, and there is no easy way out no matter who is elected in 2012.
It is imperative we replace Obama and the Senate with genuine conservatives in 2012. Otherwise, the country will spiral into a vicious cycle of ever more heavy-handed government control.
But the alternative is not exactly rosy either.
Best case, a conservative Senate and WH will deal wisely with the perfect financial storm we are about enter, to slash spending severely, to minimize fallout, and to restore growth policies afterwards. And to do all that while a good part of the electorate will blame them for a crisis that actually will have been set in place by their predecessors. How is that for irony? Bottom line: We've postponed consequences for decades. We're nearing the time when the accumulated consequences can no longer be evaded. It's going to get REALLY unpleasant. Get ready.
The Great Depression came about primarily as a result of leveraged buying of stock, borrowing against stock to purchase more stock then borrowing against THAT stock to purchase yet more, which diluted the real value of the stock market and led to the crash.
The theory in Washington is that the government borrows against its "full faith and credit" – that is its ability to repay, and that when that ability to repay becomes endangered through excessive borrowing, the solution is to borrow more to maintain "full faith and credit" so that the government can continue to borrow…
"Treasury Secretary Charles Ponzi announced today a scheme to – "
Yeah I hear you. Next time just ask China if you can borrow a trillion dollars or so.
Senators and Congressmen and woman need to bite the bullet now,no one wants cuts in their districts which has to happen across the board,all those pet projects have to go for the good of the country as a whole,if they don't the entire ship will go down,no one will be spared,lets get rid of the microwave mentality and consider our future now,take the steps,as painful as they may be to protect not only ourselves but our children and grandchildren.
I find it disappointing that the elites idiots have a perfect opportunity to have an adult conversation with US. My version is as follows. America is a success story,but lately we have hit a bad patch. We are broke and in debt up to our eyeballs. America attracts a great many immigrants and we have historically been known for freedom and opportunity. Unfortunately we have lost our way. America has become the land of free stuff and we cannot continue on this path. We shall dig out of our created misery and become the worlds example once again. All able bodied Americans must get to work because we no longer choose to be the land of free stuff, we choose to be the land of freedom and opportunity. Free rides over, if you wanna eat, get a job! It's that simple.
Father you let me know when and I'll meet you with my pitchfork and rope. Please bring the tar and feathers!
I think I need to test my local gov't, what say I advertise a pitchfork sharpening clinic here in MA? I want to see their reaction. I'll even invite the media. I'll check into a permit to use public property tomorrow AM and report back.
When the "deal" is made,……..
Republicans will be saying they got the best deal possible and,………
and the MSM will "praise" the agreement.
As for the Democrats, they will know that,…..
the reality will be in the details,……
which will be totally ignored if not misunderstood, but,……..
rejoice in the knowledge that,…..
the can was kicked further to the left.
CLINIC is a good idea…I like your plan…you are a real George Washington, for sure. Make it so.
By the way, Congressman, quit voting to give foreign nations money seized from Americans, especially if you're going to try to tell people that government needs to stop its spending habit. Diito for your Homeland Security Dept. votes.
Why do you hate the constitution?
I don't know Ralph,you may be right but we do have a lot of new faces in congress now who we don't hear about who will do what they were elected to do,they are more then likely being threatened with funds being withheld from their districts if they don't go along with the program,or maybe Obama is threatening to lock down the country and declare Marshall law like he did to get the stimulus looting passed, nothing surprises me anymore.
Why is it that no one seems to get that raising the debt ceiling is purely raising our credit card limit? Why have no Repubs said VERY clearly that this has nothing to do with paying our debts back; it only has to do with spending more money. It's like this, if you hit your credit card limit you don't go and ask for a higher limit to be able to pay it back. You quit spending and start paying it back. It doesn't affect your ability to pay the debt!!!!!!!
How stupid are we that we buy this crap that it will cause a default?!?!?!??!?!?!?!
Far more Republicans unite over reducing spending than they do tearing "big government" regulation apart. The two are different.
Rep. Akin, the last round out of the House proved too many of the new crop are more interested in making an ideological statement than solving our fiscal problems. The dollars didn't add up.
The House can throw the constitution at the EPA, NPR and Planned Parenthood, but all you will achieve by putting these issues in a pathetic 1% budget cut (38bb/3.7tt) is the farming of RINO's.
Republicans will never think alike, but we aren't stupid. Vote "No".
At this point, this is inconsequential. We're about 0.3 miles away from the iceberg, and we're talking about whether or not to keep the bar open another 2 minutes.
Ever heard of revolving debt?
The whole problem with Greece, as far as default, is that they basically can't make the payments on the "15 year" mortgage and need to default by pleading to reschedule it to a "30 year". That renegotiation isn't part of the loan terms and would constitute a default.
The US isn't Greece, but to say "you quit spending and pay it back" oversimplifies things. I agree that the only counter to how bananas they've gone with spending is a "no" vote. But, unless they eventually raise the debt ceiling by about half the current deficit, they will throw the country into a recession by the amount of spending they cut. Got it? A 1.5tt deficit, at 10% of the economy, would lead to -10% negative GDP. Yes, better in private hands with less taxes paid, but those who counter with this argument neglect the fact that this money won't be going into the private market. It was borrowed, remember. It goes away completely. Ouch.
Be prepared to settle for something less. It had better be in the hundreds of billions, on an ANNUAL basis. I'm sick of cuts multiplied by 10 years, Obama. The deficit is the most radical thing about him, even if he didn't cause most of it.
Morning,
Have you noticed the comments on other sites, it's getting pretty damn hard to find supporters of Barry anymore. Now is when the danger begins………..
Do not raise the debt ceiling, PERIOD! Cut government programs and entities until we are back under the current ceiling. CUT! CUT! CUT!
Sig, I know EXACTLY how much it infuriates you! I think most of us do!
True. I took a week's hiatus so I am still playing catch up.
Hope all is well.
I noticed your absence. Figured you headed to Peru and looked at some property in the mountains to survive the shltstorm coming…..lol.
Have a cool video for you, one of our newest gold claims: http://www.youtube.com/watch?v=ma3ZKfz4NoY
Great job – the absurdity of continued borrowing is revealed by that simple analogy.
I'm beginning to wonder if members of Congress really even care anymore. What vested interest do they have? They have so many perks and benefits that no matter how bad things become, they will always be above the curve in terms of wealth and comfort. I don't think they really care if they bankrupt America.
Meanwhile – Our President, cares – he's actually trying to bankrupt America.
We have too many representatives in Congress, each and every one gets a ride on health care (not Obamacare) for the rest of their lives. Each receives taxpayer money for the rest of their lives. If Weiner leaves he still get $37,000 per year forever. We need to cut the Federal government from the top to the bottom. Perry said yesterday, with pride, that we will have 7 more Representatives in the House. Do we need them? Redistrict to eliminate, not grow the financial burden the Congress puts on us. Then do the same statewide, eliminate, not grow this monstrosity sucking the taxpayer money in every way they can.
I am tired of giving taxpayer cash to foreign countries. It doesn't do us any good. Taxation without representation.
"Brinksmanship"? This is for keeps.
This time its different. So different. We have the Republican party unanimous in past "no" votes, since Obama took office. They have 47 votes this time, and need only 40 to filibuster and stop it. Their integrity is on the line. We have the KEY ratio of deficit to GDP at 10%, when the "brinksmanship" of the past was generally over 3%. A country can run a 3% deficit, or debt growth rate, if its economy is growing at 3% because there will ultimately be no effect on its debt/GDP. But not 10%!
If you don't understand that, understand that at 1.5 trillion we are whistling toward disaster. If we raised taxes for two thirds of this massive hole, we would still have to cut ten times more than the House just did. The debt increses since 2008 are unlike any before them and must stop. Interest rates on US debt averaged about 2.6% last year and could easily double and start costing us 1 trillion a year, alone. The only person happy about that would be Jamie Dimon.
Yesterdays vote on ehtanol grew the ranks of those opposed to the subsidy. A WSJ article, this morning, is accurately suggesting this is because "deficit-consciousness is off the charts". Keep up the letter writing.
IT IS NOT OVER ON THE DEBT LIMIT…AMERICA…KEEP UP THE HEAT! RAISING IT WILL ONLY POSTPONE THE INEVITABLE…LET’S JUST GET IT OVER WITH AND CALL THEIR BLUFF!
http://www.usa.gov/Contact/Elected.shtml
Good idea, but I say cut 90-95% of government. If the government were held to it's Constitutional responsibilities, there would be no need for a balanced budget amendment and our taxes would be negligible.
Or simply refuse to raise the debt ceiling. Time to cut up the Fedit Card!!
I like your attitude oncornpone. Personal responsibility is exactly what you described. I am the only one that suffers from my poor decisions. Actions have consequences. Our politicians just want to spread the pain around a bit in the name of "fairness" and "equality".
Right on!
No country the size of America has ever deaulted on a loan and I would not like to be the first to do so.
World markets lost value when Greece, with a GDP of $330 billion was perceieved as being in danger of default. The US GDP is over $14 trillion. Shall we all imagine what could happen if the US defaults?
Do whatever you have to do to not default. Raise the debt limit if that's all you have, but take what you can from the liberals in exchange.
In 2012, we can make this right if the American people decide that enough is enough. I think they have.
Hitting the Debt Ceiling is the FINAL CALL for Congressional and Whitehouse total obedience to the will of WE THE PEOPLE…lower the debt ceiling, cut govt back 70%, cut entitlements and purge communists and islamic traitors within…do it or die on the death panels of voting machines…and then fully face the consequences of Sabotage…
Actually, it isn't.
So you want to change the Constitution regarding representation???
That's what I wind up doing anyway because if I had to take the taxes out on the little bit I make, I wouldn't have enough to live on! That's one of the reasons it sucks to be an independent contractor.
The good part about it is relatively low stress and being able to work at home and raise my kids.
I believe you are incorrect.
In 1933 we defaulted on our debt, intentionally. We have not since.
"I am the only one that suffers from my poor decisions. Actions have consequences."
Boy howdy!
Hadit, I like the way you think! ;-D There should be such clinics in every state and in every city and community.
The pols are not feeling the heat. They still think they can do what they want and we'll just cave.
I think they are wrong, but we need to show them that they are wrong.
We must end our nation's addition to tax cuts as well. We need a balanced budget, and it can not all be done with spending cuts.
He is vague. Its is illegal for the fed to do something that is not listed in the constitution. The constitution is a federal government limiter.
Actually it is.
No we need to cut spending. If a family has a wife spending like mad on the family credit cards, the solution is NOT to have the husband go out and get a second job. The solution is to cut up the credit cards, ditch the cable TV, ditch the pedicures and manicures, ditch the gym fees, ditch the country club membership, ditch eating out every night.
BTW NO tax increase can cover the current deficit. Please show us the math. Here, I'll show you the math.
1. This is the tax budget for 2008. http://www.taxpolicycenter.org/briefing-book/back... In 2008 we took in 2.5 tril and is pretty close to what we take in in 2011. We spend NOW over 3.7 tril. A 1.2 tril deficit. Now income tax makes up about 45% of the 2.5 tril which is 1.125 tril. NOTE we NOW deficit spend MORE than the total amount of income tax taken in from the populace.
2. "The Rich" is 1% of our population who pays 40% of the taxes. http://mjperry.blogspot.com/2008/08/tax-facts-of-... so 40% of 1.125 tril is 450 bil.
3. Now lets say we get all draconian and increase the tax on the top 1% (3 million people) by 50%. That's a MASSIVE tax increase from a 35% tax rate to 52.5%. All we would get is an extra 225 BILLION. We have a 1.2 trillion deficit.
4. The removal of the Bush tax cuts would raise the upper tax rate from 35% to 39.6% (and the lower tax rate from 0% to 15%). That's a11% tax increase. 11% of 1.125 tril is 123 bill. HARDLY enough to balance the budget.
DO THE MATH
If you don't believe me, provide the numbers. Show us how any tax increase would balance the budget. Even IF you DOUBLED the tax rate on the rich you'd only get an additional $450 bil and drive away every rich person in the US. That would put their tax rate at over 70% which is what caused Sweden to nearly collapse in the 1990s.
Even if you STOLE all the wealth of all the billionaires in the US the amound would be around 1.6 trillion. http://www.forbes.com/2008/03/05/richest-billiona...
DO THE MATH
Show us your numbers. Where is the money going to come from to balance a 1.2 trill deficit. PLEASE I would love to see your numbers.
And why do you want to hand more money to people who have blown $14 tril and spent us into the ground. Shouldn't you expect them to show they can manage at least one program right before you let them spend trillions more?
This is some of our point of view. We see the fed like the housewife who has spent the family into bankruptcy and now needs the credit card taken away. We see our children's futures as forever paying off debt. Why can't you see this? Do you even care about the debt? because I and others are going to make SURE you and the people like you that advocate more spending pay the debt.
And if you like taxation so much why don't you volunteer to double your tax contribution this year.
Wow – who could argue with logic like that?
Fantastic. Then you will agree the War Powers Act is unconstitutional, and every war since WWII has been unconstitutional as well.
But the point is there are plenty of things not explicitly stated in the Constitution that fall under the enumerated powers. So as I said, jaffonerr's statement is not quite accurate.
The U.S. has defaulted three times. it doesn't matter if it was intentional or not.
Regardless, you admit the US has previously defaulted, so you were wrong in your original claim.
Back when we were tied to gold and circumstances were completely different.
See the DOW today. That's nothing to what will happen when we default this time.
Cite your claims. i still do not believe anything you post. No Youtube either.
You REALLY need to brush up on the Constitution:
"Section 8 – Powers of Congress
…
To declare War, …"
Congress has the power to delegate their authority to the Executive if they like, and that's exactly what the WPA is – partial delegation of their authority to declare war, as enumerated in the Constitution. (The Founders never imagined they would delegate any powers, of course, but that's beside the point.)
"But the point is there are plenty of things not explicitly stated in the Constitution that fall under the enumerated powers"
No, their aren't. That's what "enumerated" means. Anything not specifically enumerated in the Constitution is by definition unconstitutional. The Constitution could not have made it any more clear.
Lady, I know about mistakes myself. Keep fighting, don't give up. Try at least twice a week to brainstorm ideas to reinvent yourself. I feel your pain and I share your pain. Let me know if I can help in any way even if it's just to bounce ideas around or get stuff off your chest. Obama has thrown impossible hurdles at US and I truly believe he is one and done and this country will rebound again.
Be well my friend and let me know if I can help!
Defaulting is defaulting. You're playing Obama word games and tossing out red herrings.
If 2012 brings in additional "new faces",……..
we may just survive this thing.
I'm not surprised you're ignorant of the Constitution, nor am I surprised that you would engage in doublethink. The Constitution can only be changed through the amendment process; the WPA was not a Constitutional amendment. Nor can Congress just delegate or abdicate any of its exclusive powers to another branch. This is inherently unconstitutional and antithetical to the intentions of the Founders.
http://www.tomwoods.com/warpowers/
So…..over spending cannot be controlled with lower spending? Extortion is the only answer?
Why do you willingly give away your liberties and economic freedom to these people?
If I were a ne’er-do-well Ivy geek Dem, why would you give me your money so I can make laws to take more of your money? Is it really only because I'm a Dem? I really don’t think you have thought things through.
You don't know that almost everything done by the Congress is delegated to departments in the Executive, and yet you hurl insults at me about being ignorant?
Time for another Constitution lesson:
"Section 8 – Powers of Congress"
…
"The Congress shall have Power To lay and collect Taxes… " (Treasury)
"To borrow money on the credit of the United States;" (Treasury again)
"To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;" (Commerce/Interior)
And on and on and on…
You need to brush up on the Constitution friend, and perhaps look at a US Government org chart, and realize that there are not dozens of invisible departments under the direct authority of the Congress that actually implement the laws they create. They have oversight, but without delegation, the departments would have to go to Congress for each and every decision. Congress can and, as I demonstrated above, does delegate authority all the time, and with the WPA they've delegated partial authority to the Executive. Don't get me wrong, I wish the WPA were repealed tomorrow. But wishing doesn't make something so.
Hadit, you are very sweet. Thanks for the words of encouragement. I have basically reinvented myself and embraced my new "business" – independent contractor attorney. It allows me to work from home so I can be with my kids, make money to support myself and them (especially after the divorce is final) and keep my stress level to a minimum. I've basically got 3 different attorneys I do work for and its so far working out rather well.
I basically let my ex make me feel like a failure for not pursuing the more high-powered jobs. I just wasn't interested, especially after having kids. I married a selfish and not very ambitious person. When a man tells a woman that he doesn't mind if she makes more than he does, well, that could be a bad sign.
I will definitely use you as a resource if I need it. Any help is always appreciated.
God bless!
Another lib moron. Congress ALWAYS spends every penny it gets. So, to give it MORE is insanity. I think you should check back in to that mental hospital. Out patient isn't working for you.
And yet you still do not cite any of your claims.
Besides, I was right all along. Name one other country the size of America (present day size) that has ever defaulted on a loan.
Time to put up or shut up.
How would you know. We've never tried it.
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