Boghie
Market Veteran
- Reaction score
- 383
They/We ain't paying for it - so, what exactly are they voting for.
Here is a funny thought experiment:
If Congress 'allocates' money, but that money is borrowed and it is not a national emergency, is Congress really 'controlling the purse strings'? That is, is Congress abrogating their duty to 'control the purse strings'? If they abrogate the responsibility, can the 'el Presidente' simply ignore the request to borrow more money - leaving him/her/it to judge what gets funded with actual revenue and what does not.
Asking for a friend.
Here is a funny thought experiment:
If Congress 'allocates' money, but that money is borrowed and it is not a national emergency, is Congress really 'controlling the purse strings'? That is, is Congress abrogating their duty to 'control the purse strings'? If they abrogate the responsibility, can the 'el Presidente' simply ignore the request to borrow more money - leaving him/her/it to judge what gets funded with actual revenue and what does not.
Asking for a friend.
Last edited: