re: #43 lostlakehiker

With no limit on the national debt, the president doesn’t need taxes. He can just go ahead and spend, and have the treasury issue whatever money or debt or whatever you call it is required to cover the spending.

What the fuck about ‘the debt ceiling is raised to pay for debts already accrued by the US, and all spending bills originate in the House’ don’t you get?

The President can’t just go ahead and ‘spend’. The debt ceiling is raised to cover actual existing obligations incurred by congress, not by himself.

That congress would authorize spending and then refuse to raise the debt limit to pay for it is the fucked-up part. not Obama trying to honor the US’s debts.