Quote:
Originally Posted by Boreas
Do you even know what the Debt Ceiling actually is?
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The OMB announced last week that the Obama administration would once again fail to comply with budgetary laws.
Obama’s White House seems to have a serious problem complying with budgetary deadlines set by Congress. In fact, as noted by Sessions’ staff, the
Obama administration has missed every deadline to submit a budget since he first took office in 2009.
http://www.theblaze.com/stories/2014...ve-the-answer/
You kinda need a budget passed to raise the debt ceiling
https://en.wikipedia.org/wiki/United...s_debt_ceiling
The process of setting the debt ceiling is separate and distinct from the United States budget process, and raising the debt ceiling neither directly increases nor decreases the budget deficit, and vice versa. The Government Accountability Office explains, "the debt limit does not control or limit the ability of the federal government to run deficits or incur obligations. Rather, it is a limit on the ability to pay obligations already incurred."[9]
The President formulates a federal budget every year, which Congress must pass, sometimes with amendments, in a concurrent resolution, which does not require the President's signature and is not binding. The budget details projected tax collections and expenditures and, therefore, specifies the amount of borrowing the government would have to do in that fiscal year.