Lawmarkers to Probe People being Kicked Out Homes and Bussiness being shut down

Discussion in 'Too Hot for Swamp Gas' started by diehardgator1, Oct 7, 2013.

  1. diehardgator1
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    diehardgator1 Well-Known Member

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  2. diehardgator1
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    diehardgator1 Well-Known Member

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    I thought we shut down because of money regardless of how you present it
  3. diehardgator1
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    diehardgator1 Well-Known Member

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  4. rivergator
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    rivergator Well-Known Member

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    I think the difference is that the Democrats were in the minority and knew they were going to lose. They didn't stomp their feet or filibuster or threaten to shut anything down because they lost.
  5. GatorBen
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    GatorBen Well-Known Member

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    Nope, current shutdown hasn't a thing to do with the debt ceiling. The government shut down because it's not legally allowed to spend money that hasn't been appropriated to it. The debt limit on the other hand means the government is allowed to incur the obligation to pay money, just not to actually pay the obligations that it incurs.

    Presumably failing to raise the debt ceiling would also monumentally screw up a lot of the government since people would eventually stop buying the debt of, or selling things to, or working for an entity that is allowed to enter into these transactions but not to actually pay them for it, but "a shutdown" is a legally mandated result of Congress not authorizing the government to obligate itself to spend money in the first place by failing to appropriate it.
  6. G8trGr8t
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    G8trGr8t Premium Member

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    They collect approximately 250 billion per month in revenue. The next interest payment due in 5 weeks is 25 billion. if 250 billion won't cover 25 billion we do have problems
  7. GatorBen
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    GatorBen Well-Known Member

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    Yeah, we have the real world problem that the executive isn't legally allowed to set everything else to the side and just stop paying other things to save up for an interest payment.
  8. diehardgator1
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    diehardgator1 Well-Known Member

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    If we owe $25 Billion interest payment at want interest rate? What I could find was 3.29%

    over the next decade we will shell out $5 Trillion Dollars in just interest

    If interest gos up God help us we will not be able to pay it

    http://money.cnn.com/2012/03/05/news/economy/national-debt-interest/index.htm
  9. GatorBen
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    GatorBen Well-Known Member

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    I believe the 3%+ figure includes non-marketable securities, which are primarily intergovernmental lending (i.e. obligations that are liabilities on Treasury's balance sheet but assets on other federal program's balance sheets and a wash in the end because it's the government paying itself). The average interest rate on marketable securities, which make up the huge majority of public debt (that payable to someone other than the government itself) is a touch under 2% based on what I see on Treasury Direct.

    The CNN article is quoting a CBO estimate that assumes a rise in T-bill discount rates that hasn't materialized to date, but fair point.

    But at the end of the day, the interest math is largely irrelevant to the debt limit issue. We address growth in future interest obligations by budgeting for fiscal years moving forward that cut down the deficit. Keeping the government from having the ability to pay obligations that it has already incurred, which is what not raising the debt limit does, doesn't address that issue.
  10. dadx4
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    dadx4 Well-Known Member

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    No we wouldn't.
  11. northgagator
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    northgagator Well-Known Member

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    How about the spirit of the law versus the letter of the law?

    The enforcing of the of the law is legal in the spence the actions of the enforcement is in accordance to the actual text of the law. On the others and the enforcement is illegal because it is against the spirit or the intention that the law was written under.
  12. northgagator
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    northgagator Well-Known Member

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    MD your position is giving the appearance that you are shallow. Are you equally upset the this administration itself has failed to enforce the immigration laws that are on the books and other laws that run counter to his agenda?

    http://en.m.wikipedia.org/wiki/Oath_of_office_of_the_President_of_the_United_States
  13. Gatorrick22
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    Gatorrick22 Well-Known Member

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    Repped.
  14. mdgator05
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    mdgator05 Premium Member

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    Ben explained the idea of prosecutorial discretion earlier on this thread better than I ever could.

    Just as with any criminal laws, the executive branch does have quite a bit of latitude on how to enforce certain laws and where to concentrate resources.

    That being said, we spend a ridiculous amount of money on the border and on deportations (which have happened at a higher rate under Obama).

    http://www.pewresearch.org/fact-tan...tinue-under-obama-despite-latino-disapproval/

    Obama can certainly claim that his limited resources (resources are always limited) are better spent on people other than those that were young children when brought here through no fault of their own.

    The House can also choose to not vote on a CR based on an unwritten rule that has no actual enforcement power within the House. However, if people disapprove of either Obama's move not to focus deportation resources on those brought here as young children and not committing other crimes or the decision not to vote on the CR, they can handle it by voting out the offending party in their next election. People chose not to vote out Obama. We will see if the decision to hold up a CR that has the votes to pass the House will hurt House Republicans.
  15. egator1245
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    egator1245 Premium Member

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    The golf course is federal land surrounded by federal land not unlike national parks unless you count that Obama uses it. Easy!!!
  16. mdgator05
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    mdgator05 Premium Member

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    The difference is how they are funded. A golf course is funded through user fees entirely. National Parks receive appropriations.

    But yes, I am sure the only reason it is open is because it is so hard to find world class golf courses around DC. Not a single one for hours in any direction. You caught him! Good work.
  17. ArtDeco
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    ArtDeco Well-Known Member

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    You should be ashamed of yourself for posting this.
  18. mdgator05
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    mdgator05 Premium Member

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    Why? I didn't take your favored government services away from you.
  19. ArtDeco
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    ArtDeco Well-Known Member

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    The same government that decides the only thoroughfare through a mountainous region is nonessential is the same one you want deciding which medical procedures are essential?

    That really was too easy.
  20. mdgator05
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    mdgator05 Premium Member

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    Again, sorry that the government is unable to provide services you want. You should probably encourage Republicans to take a government shutdown more seriously next time, since you seem to find federal government services so essential.

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