View Single Post
Old 02-19-2013, 09:37 PM   #86
patteeu patteeu is offline
The 23rd Pillar
 
patteeu's Avatar
 

Join Date: Sep 2002
Casino cash: $463009
Quote:
Originally Posted by cosmo20002 View Post
Wrong. Why do you think the US credit rating got dinged? Because for the first time ever, there became a question about whether or not the US would pay its bills.
Look who's in the WH. I'd question it too.

He's right though. The debt ceiling is about increasing debt, not paying it off. It's up to the WH, with some constraints built into the law by Congress, to pay debt before they do things like pay their own salaries. Furthermore, they can pay back external debt before they pay the SS "trust fund". Of course, these things would be politically hard to do, but that's a different story.
__________________


"Well, it is one thing for Bill Clinton to say, I feel your pain. It is another thing for Barack Obama to say I feel your pain that I have caused." - George Will
Posts: 74,192
patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.
  Reply With Quote