The fiscal deal passed by Congress on Wednesday evening to re-open the government and get around the $16.4 trillion limit on borrowing doesn’t actually increase the debt limit. It just temporarily suspends enforcement of it.
That means Americans have no idea how much debt their government is going to rack up between now and February 7, when the limits are supposed to go back into place and will have to be raised.
There is no dollar amount set for how much debt the government can accumulate between now and then. The suspension strategy was employed first earlier this year during previous fiscal battles in Congress.
Such tactics infuriate anti-government waste groups.
“Suspending the debt ceiling without a dollar amount is further proof that Congress is taking a major step backward in fiscal responsibility,” David Williams, the president of the Taxpayers Protection Alliance, told TheDC on Thursday. “A real dollar figure is a constant reminder to taxpayers and Congress that the country is broke. This was done to hide the real debt from taxpayers.”
To critics, lawmakers have gotten away with allowing the country to rack up more debt and avoid the threat of default without actually voting for debt limit increase.
The conservative Heritage Foundation has criticized the practice as a “smokescreen.”
“Suspending the debt is less transparent to the American people. It allows Members of Congress to avoid debate on the specific dollar amount increase in the debt limit, making their vote politically much easier to cast,” the organization wrote in October. “A calendar date is not nearly as scary to constituents as a figure in the trillions of dollars.”
"Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add 'within the limits of the law' because law is often but the tyrant's will, and always so when it violates the rights of the individual." Thomas Jefferson
"If people can’t trust not only the executive branch but also don’t trust Congress, and don’t trust federal judges, to make sure that we’re abiding by the Constitution with due process and rule of law, then we’re going to have some problems here." - Barack Obama, June 7, 2013
Yup, that is one of the most horrific aspects of this whole BS "deal" that was developed, the crap sandwich that was shoved down our collective throats yesterday...
But what the heck, the rear wheels of the bus have already lost contact with the edge of the cliff long ago.... Does it really matter how fast the bus hits the ground when it ultimately will???
17 trillion in debt is not surviving--but then reality is not your cup of tea--just cover, distract, misdirect, point somewhere else and never believe the party can be wrong--Your motto is Party first America second
Quote: Eglman wrote in post #517 trillion in debt is not surviving--but then reality is not your cup of tea--just cover, distract, misdirect, point somewhere else and never believe the party can be wrong--Your motto is Party first America second