Should the USA pay its expenses even if it means borrowing more money? To me, that's an obvious "yes."
#DebtCeiling

washingtonpost.com/politics/20

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@dtabb73

The thing that is so misreported these days is that these are not expenses.

Expenses are incurred when the executive branch actually signs a contract or writes a check, not when Congress authorizes any sort of spending.

So far, according to the Treasury, they expect to have enough revenue coming in to pay the expenses without borrowing more money. Yes, that is the opposite of what so many sensationalist outfits have been breathlessly reporting, and what so many politicians have been breathlessly reporting, but that's what the Treasury's own numbers say.

Of course it's only natural that a president wants to be able to spend a lot more money, so every administration pushes for the authority to borrow more to spend more.

But we really need to call this misunderstanding out for what it is. All too often it comes down to simple misunderstanding of the fundamental idea of the separations of power in the US government system.

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