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I don't think Reagan made the argument that the Executive could simply go around Congress in this regard. He just made the argument (as you cite below) that failure to raise the debt ceiling at that time would be an unwise move.We are $14 trillion dollars in debt...what exactly do you think we have been doing?The Executive clearly has no authority to raise or borrow funds, so I don't see how they can do that. Congress sets spending limits, not the Executive. I don't think it would fly, but I am not sure such a thing has been tested before to find a clear legal precedence. Our credit will be destroyed anyway if we don't curtail spending...we cannot spend out way to prosperity. He did indeed make such an argument.The ceiling will be raised, but Democrats are going to have to agree to meaningful cuts. Not simply cut spending by the amount the debt ceiling is increased. Real cuts need to happen, and no one seems to want to seriously address this issue..preferring instead to live in the realm of talking points.
I don't think Reagan made the argument that the Executive could simply go around Congress in this regard. He just made the argument (as you cite below) that failure to raise the debt ceiling at that time would be an unwise move.
We are $14 trillion dollars in debt...what exactly do you think we have been doing?
The Executive clearly has no authority to raise or borrow funds, so I don't see how they can do that. Congress sets spending limits, not the Executive.
I don't think it would fly, but I am not sure such a thing has been tested before to find a clear legal precedence.
Our credit will be destroyed anyway if we don't curtail spending...we cannot spend out way to prosperity.
He did indeed make such an argument.
The ceiling will be raised, but Democrats are going to have to agree to meaningful cuts. Not simply cut spending by the amount the debt ceiling is increased. Real cuts need to happen, and no one seems to want to seriously address this issue..preferring instead to live in the realm of talking points.
