“No increase in debt ceiling = no authorization to incur debt. “
Actually, that debt ceiling is a useless measure to appease the masses. It has no bearing on law or Congress whatsoever. No Congress may limit the debt of a future congress as no congress may dictate spending to a future congress.
That debt ceiling simply says that is the limit a President may spend regardless of congressional authorization to spend otherwise. In no way does it limit congress.
This is all for show to make this out of control government seem like it is taking the debt seriously so you will vote for them. The fact is, congress can simply approve a new budget regardless of the debt ceiling.
>>Actually, that debt ceiling is a useless measure ...
The debt ceiling simply says that is the limit a President may spend regardless of congressional authorization to spend otherwise. In no way does it limit congress.<<
So, explain why it’s “useless.” It’s the limiting of Obama’s spending that’s at issue here, and so far everyone seems to be taking it pretty seriously. Obama’s hit the debt ceiling, and Congress now has control unless they give it up by giving him what he wants.