“Secretary
Lew, you have also publicly stated that only Congress has the power to
lift the debt limit,” said Hatch. “Now, while it is ostensibly true
that Congress has the power to raise the debt limit, there will be no
increase if the president does not agree. At the same time, despite
your public statements to the contrary, it is not true that raising the
limit has only to do with spending Congress already approved. This
line of argument is based on a premise that Congress makes spending
decisions unilaterally, and that the Executive Branch plays no role in
the process.
“That premise is simply false,” Hatch told Lew. “No amount of spending can be enacted without the president signing it into law.”
- See more at: http://www.cnsnews.com/news/article/terence-p-jeffrey/hatch-scorches-lew-not-true-simply-false-four-pinocchios#sthash.LSVoUkZz.dpuf
“That premise is simply false,” Hatch told Lew. “No amount of spending can be enacted without the president signing it into law.”
- See more at: http://www.cnsnews.com/news/article/terence-p-jeffrey/hatch-scorches-lew-not-true-simply-false-four-pinocchios#sthash.LSVoUkZz.dpuf
3 comments:
"Every business day since May 17, the Treasury has claimed that the debt-subject-to-limit has remained at exactly 16,699,396,000,000—or approximately $25 million below the limit."
So how has Treasury been able to do this?
Perhaps it's because they've been doing the prioritizing that you probably think they can continue to do forever.
If the regime has managed to maintain the debt limit $25 million under since May 17- good work guys!- why do they want an increase ceiling? They'll be transparent, like always, right?
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