Comment Re:News Flash: Partisan Caricature Found Incorrect (Score 1) 668
I know it is a problem for most of you on the left when the constitution gets in your way, but constitutionally, he is obligated to honor the debts before any spending by law. that means even if congress passed a law saying all money appropriated either by entitlement law or whatever must be spent on anything other then the debt, it would be unconstitutional to do so.
Hey, look, it's the complete dumbass who has no reading comprehension but constantly pops up to defend whatever fucking stupid thing the right believes.
You just repeated exactly what I said...that the president must pay any currently outstanding debt. I just additionally pointed out that if there's an outstanding debt, he has to pay it, period, he can't save the money for a more important debt that's going to happen later.
And, despite what is going on in your fevered imagination, he is, in fact, required by law to pay social security, for example. If the president could just decide not to pay social security, I have a feeling some Republican president would have actually tried that at some point, don't you?
You did notice I used the word 'obligations' in my post, right? What the hell do you think that means? The government owes that money to people on social security. The government owes defense contractors. The government owes its employees their wages. Those are debts. They must be paid, on the schedule laid out in law. (Only if the executive has money, presumably.)
You, along with the right, have decided that the only 'debts' are 'issued bonds'. Or, rather, you idiots have spent absolutely no time thinking about this.
If someone comes and works on your house for an agreed on amount, and you haven't paid them yet, you are in debt to them. Um, duh. If you are a company, and pay employees your wages on Friday, and it's Thursday, the wages you owe for the week so far are debts and will be reflected as such on your balance sheet. Um, double-duh.
Bonds, are, rather obviously, just one of the many ways to be in debt...if they were the only way, uh, no human being would be personally in debt, because human beings usually don't issue bonds. We should try that with banks. 'No, I don't owe you any money. To owe money is to be in debt, and according to the Republicans the only sort of debt that exists is bonds. I have never issued you or anyone else any bonds, thus I am not in debt.'(1)
Now, you say we must pay debts because of the 14th amendment, and I don't think the 14th is that relevant, and assert that's just basic law, but whatever, that's rather moot. The point is, 95% of money that exits the Federal government is to pay obligations, aka debts, created by the law. (And the other 5% is to pay obligations created by entities under the executive's control that he could stop, but are still obligations once created...but he could stop making more obligations.)
The President is required, by law (And possibly by the constitution, whatever.), to pay all those debts, not to just the ones to bondholders.
1) Hilariously, this logic makes the entire debt ceiling rather pointless, because if 'bonds' are the only 'debt', the president could just get loans some other way, like via credit cards and other unsecured bank loans. Heh. Actually, money owed to the social security trust isn't 'real' bonds (We call them bonds, but they are not, really.), so we're already a good deal under the debt ceiling if you only count 'bonds'.