The Constitution Actually Limits And Prohibits The Ability Of Congress To Default On The Country's Debt
woodguru wrote:
The constitution got very specific about the debt this country incurs in several regards...
Key being that the country can borrow for both the welfare of it's citizens, and the protection of our citizens...and that those debts are sacred in terms of honoring and paying them off...
...to the degree that congress is also authorized if not obligated to raise taxes to honor those debts. So while republicans are cutting taxes to where that is directly adding to and increasing the debt by the amount of the cuts, republicans are trying to cut so called entitlements that they should be looking at as valid spending or borrowing.
Read this before trying to weigh in on the debt ceiling, nowhere can the argument be made that congress should be doing anything but raising taxes to curb the debt ceiling, certainly not attacking social security and medicare.
https://newrepublic.com/article/169857/debt-ceiling-law-terminate-constitutionThe constitution got very specific about the debt ... (
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Republicans, "create jobs"!
Citizens working...can pay taxes..[ get that skippy?]
republicans...bring back jobs, lost because of Demoncrat financial idiocy...More people working, more people paying taxes....no more demoncrats in office...the money will reach all the people, "MORE"!
Economic factoids!
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