Timeline for What's the constitutionality of the debt ceiling?
Current License: CC BY-SA 3.0
4 events
| when toggle format | what | by | license | comment | |
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| Nov 10, 2015 at 16:20 | comment | added | phoog | @ratchetfreak whether they are correct about the two being mutually exclusive is another matter, of course. | |
| Nov 10, 2015 at 9:03 | comment | added | ratchet freak | @phoog or more accurately the elected officials on Congress don't want to raise taxes because they want to get reelected | |
| Nov 10, 2015 at 7:55 | comment | added | phoog | In other words, the debt ceiling is not about the validity of existing debt; it is about authority to incur additional debt. As you note in your last paragraph, Congress is not "in the mood" to raise taxes. That's not the same as saying that spending cuts are required to balance the budget; the budget could be balanced with increased taxes, too, but Congress doesn't want to do that. | |
| Nov 10, 2015 at 5:26 | history | answered | Jasper | CC BY-SA 3.0 |