You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #36: Yes, but since Congressional authorizations are made subject to the Debt Ceiling [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
Yo_Mama Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-22-11 09:06 PM
Response to Reply #28
36. Yes, but since Congressional authorizations are made subject to the Debt Ceiling
You cannot claim that appropriated funds give the President the authority to borrow when Congress has passed legislation making its authority to borrow contingent upon the bleeping debt ceiling.

Here is a (thankfully) brief summary on the subject by the Congressional Research Service from February of this year:
http://www.fas.org/sgp/crs/misc/RL34680.pdf

Also, we are currently operating under a Continuing Resolution, and the general language for appropriations:
http://www.gpo.gov/fdsys/pkg/BILLS-112hr1473enr/pdf/BIL...
The following sums are hereby appropriated, out of any money
in the Treasury not otherwise appropriated, and out of applicable
corporate or other revenues, receipts, and funds, for the several
departments, agencies, corporations, and other organizational units
of Government for fiscal year 2011, and for other purposes, namely:


It is very difficult to create an authority to borrow funds for the Treasury from that!
Printer Friendly | Permalink |  | Top
 

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC