JUST SOME POSTS

 Well, even though the media is doing what they always do and making the budget dispute now seem to be unique and disastrous, it is neither. Just since 1980 there have been 10 government shutdowns. Some were for only certain branches of the government (in a bit of disclosure, I am not sure how the government can only shut down only some parts) and some were for only one day (actually only part of one day).  The last two were during the Trump administration. Those times the executive branch (Trump administration) wanted to set some limits on spending and the Democratic controlled Congress did not. The entire government was shut down for three days in January 2018 and then in December of 2018 the majority of the government was shut down for 35 days into January of 2019.  During the Obama administration there was a complete government shutdown for 16 days. The Obama administration was trying to increase spending and the Republican led Congress was trying to set limits. (See ...

 Here it is headed towards the middle of the fifth month of 2023, a year that I began promising myself I would start posting regularly again! Oh well... I am moved to do this post due to the totally manufactured "debt crisis" that Congress is foisting upon us, the taxpayer - AGAIN!  Why do we have to raise the debt ceiling again? What is the debt ceiling? Why does any of this matter? The debt ceiling was put into place in its modern form with the Budget Acts of 1939 and 1941. This established a limit to how much debt could be incurred by Congress to try to cap the cost of borrowing and spending. The issue has been, especially of late, that Congress just passed another set of rules saying they could increase this limit at will. (obviously assuming that the two parties could agree on the amount and vote it through) So, the limit is really just a suggestion, more or less. The debt ceiling has to be raised because Congress/the Federal Government is spending more than is being tak...