ok... I feel a bit like Coffee Talk on SNL
Talk amongst yourselves. I'll give you a topic....
The Budget Control Act is neither a Budget, Control, nor an Act. Discuss....
The reality is this horribly and incorrectly named piece of shit legislation does nothing to control the budget, or spending for that matter.
What DOES it do?
It allows a group of people, (in EVERY case, this group has been Republicans) to hold hostage the full faith and credit of the USA.
Let me explain...
Unlike the popular misconception that this act allows a CHECK on government spending and promotes bi-partisan dialogue in managing our budget, nothing could be further from the truth.
You see the "Budget Control Act" maintains a debt limit. Not a psending limit, mind you, a debt limit.
The money has ALREADY been spent!
Let me explain it if it existed in the Corporate world.
Let's say I propose and get approval for a $2M capital project.
I start to hire external resources for my APPROVED project, payable Net30. I submit the invoices for payment, and accounts payable tells me, "Sorry, we can't pay these invoices because we are over the debt limit."
So here is what ALWAYS happens... No exceptions.
A Republican President is elected. He proposes a budget-busting tax plan, a war, or other ways to distribute taxpayer money to the most wealthy or Big Pharma or Big Oil..
Within the same year or the next couple, a debt limit vote comes. Democrats without even thinking, approve the increase. Because... WHAT WOULD BE THE ALTERNATIVE????
Happened under Trump - Tax Plan - Added Trilllions to the deficit
Bush GW - Medicare Part D - Remember that vote buying giveaway to Big Pharma?, and of course Iraq war II
Buh GHW - Iraq/Kuwait war
A Democrat President then is elected. Republicans are suddenly concerned about the national debt again. The time comes to pay the bills run up by the last Republican President, and they say no.
The economy takes a huge hit. Republican rally arpund to point the finger at Democrats.
Happened under Obama
They are getting reasy to do it to Biden this summer
BOTTOM LINE: If we want to control the Budget and control spending, RESTORE the "PAY_AS_YOU_GO" system the Democrats set up in the House.