Posted 18 January 2013 - 04:30 AM
And ninja once...again...misses...the...point. Probably because it's hard when you're used to responding in one sentence, to read more than once sentence of somebody's post. I get it. It's hard for everyone. But we struggle through it.
Because I'm mildly insane, and I think that repetition helps with reading comprehension, I'll try one more time.
Yes, ninja, I'd like to start by acknowledging that you're ONE HUNDRED PERCENT CORRECT. The debt limit is indeed a limit on what can be PAID. Cue the fireworks. You're brilliant. But...you unfortunately missed the point. You see, the reason that the government PAYS is because the government SPENDS. In fact, believe it or not, it SPENDS what it does not HAVE. That is what the DEBT LIMIT is for. I'm glad you've grasped that part so far. Now, if the government paid attention to the DEBT LIMIT, and respected it, it would not SPEND more than it had, so it would not go beyond the DEBT LIMIT to PAY. Keeping up so far? That means that the DEBT LIMIT would become a de facto SPENDING LIMIT. This is because the government would not SPEND what it cannot PAY without raising the DEBT LIMIT.
God, I hope you get it this time.
I love argument, I love debate. I don't expect anyone to just sit there and agree with me, that's not their job. -Margaret Thatcher