Why doesn't Obama...

[Kntx]

We haven't actually passed a budget in 2 years.

We're operating under temporary stop gap measures. The one we're under now was passed several months ago and was designed to get us to the fiscal year-end - the end of August.

Looks to me like their budgets assumptions were close for the fiscal year- only short by 28 days. So it was a little better than 11/12ths of the way there.

Likely revenues fell a little short (e.g., a little less in income tax withholdings) or expenses were a little higher (e.g., Medicare/Medicaid).

Yeah, if Congress passed the budget they should authorize additional debt ceiling to pay for it. However, that's on Obama, he already said he would veto anything short term. And getting from only Aug 2 to Aug 30 is the very definition of s/t.

Fern

Ah, I did not know that. Thank you.

 

[GuitarDaddy]

Ah, I did not know that. Thank you.

Now your up to speed on the Repulican talking points 😕

The republicans and the democrats both voted for the shortterm budget measure that we are currently working under which requires additional borrowing to support spending, their claim that they haven't approved spending over the limit is bullshit and misdirection.

 

[wuliheron]

Now your up to speed on the Repulican talking points 😕

The republicans and the democrats both voted for the shortterm budget measure that we are currently working under which requires additional borrowing to support spending, their claim that they haven't approved spending over the limit is bullshit and misdirection.

They are both funneling money into the banks. The longer they delay the more money goes straight into the banks. Defaulting on the loans might be risky, but the banks might be willing to take that risk. They are too big to fail and see themselves as coming out on top no matter what happens.

 

[werepossum]

Now your up to speed on the Repulican talking points 😕

The republicans and the democrats both voted for the shortterm budget measure that we are currently working under which requires additional borrowing to support spending, their claim that they haven't approved spending over the limit is bullshit and misdirection.

LOL Reality - now officially a ring wing talking point.