The Debt Limit Explained

Submitted by: kitteh9lives 4 years ago in Misc

A financial weapon of mass destruction.
There are 11 comments:
Male 646
Anyone paying attention to this at all? Did anyone understand this? Testing, testing, one two three. Is this thing on?
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Male 32
This video doesn`t take into account that there is no budget. If congress passes one, the president could veto it, which means all three branches have to approve the budget. This video is bologna. Although politics sucks a fat egg.
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Male 14,331
If you or I spent like that we`d be homeless.
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Male 1,059
What a crock of poo. They could pay for the imaginary road (states pay for roads, not the Federal Govt.) by not paying the 150th week of unemployment to deadbeat losers or not paying for studies of the mating habits of dung beetles or not paying for midnight blurnsball for crackhead gang bangers.

It`s not Congress blaming the President, it`s the responsible half of Congress (the House) blaming the irresponsible half (the Senate) for breaking the law by not passing a budget for 4 years. Explain why Harry Reid`s not in jail for that!
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Male 2,790
Congress sounds like a real dick.
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Male 17,511
The problem we are having is not really about the debt limit, but about the budget. We haven`t had a budget in the last 4 years, we`ve had stop-gap partial spending bills.

The House of Representatives has passed budgets, but Harry Reid, Senate Majority Leader, hasn`t even let them come up for debate let alone a vote. Reid has been playing Pres. Obama`s linebacker for the last 4 years, blocking these budgets so that Obama wouldn`t look bad for vetoing them.

This collusion between Reid and Obama is a stealth veto, and because of that collusion we keep running into this debt limit ceiling.
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Male 2,578
The video didn`t actually cover all of the bases on this topic, actually very few.
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Male 914
Paying your Visa bill by putting it on your Mastercard is not "paying your bills". When will Americans understand this?
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Male 10,855
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Male 40,764
Yeah, that about sums it up: It`s stupid.

Of course the PotUS could VETO and deficit-laden Budget...

Or the USA could actually PASS a Budget! They haven`t since... 2009?
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Female 8,043
Link: The Debt Limit Explained [Rate Link] - A financial weapon of mass destruction.
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