|
|
|
|
|
by protomyth
5380 days ago
|
|
Treasury keeps paying the debt service with the money that comes in. A lot of program stop getting funded (including, strangely, a couple of taxes). A couple of freedom of information act requests to treasury got the fact there was a plan, but only 17 pages were actually released (which didn't tell a whole lot). A default would be a huge deal, but not passing the debt ceiling increase doesn't automatically equal a default. The leadership wanted to pass an increase (that is pretty clear from their rejection of some of the more honest spending cut packages), they also are being pressured to not raise taxes but cut spending. The final deal was not what any tea party house member or senator wanted. "It's arguably not even constitutional" - The Congress is in charge of the budget per the US Constitution, not the President. The US Constitution evens goes as far as saying where such bills must start (Article I, Section 7, clause 1). |
|
Sorry, that's what everybody in government was saying during the manufactured crisis. If you have some kind of insider information that contradicts what everyone in government was saying, then produce it. Otherwise, it sounds like you're making up facts to fit an agenda (quoting the constitution is a common symptom of this).