Footnote † from “The Debt Ceiling Explained”

Of course, the President doesn’t personally borrow money. Really, the Department of the Treasury, that he oversees, issues debt on behalf of the US government, and fully explaining the process by which the government issues debt in the same department that both prints new cash and collects taxes quickly leads to questions about money’s existential […]

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America’s Historical Struggle With Debt and Taxes

bjbjVwVw @|d2 JEFFREY BROWN: And we return to the great debate over budgets, deficits, taxes and spending with yet another viewpoint, this one with some historical perspective. NewsHour economics correspondent Paul Solman is on the case, part of his ongoing reporting Making Sense of financial news. PAUL SOLMAN: Our allegedly tragic trillion-dollar annual budget deficits, […]

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Debt Soars Under President Donald Trump Tax Cuts | The Last Word | MSNBC

>>>OKAY.>>>OKAY. WE ARE ABOUT TO TALK ABOUT THE WE ARE ABOUT TO TALK ABOUT THE MOST IMPORTANT STORY OF THE DAY MOST IMPORTANT STORY OF THE DAY THAT DONALD TRUMP DOESN’T WANT THAT DONALD TRUMP DOESN’T WANT US TO TALK ABOUT. US TO TALK ABOUT. EVERY DAY THERE ARE STORIES THAT EVERY DAY THERE ARE […]

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Footnote * from “The Debt Ceiling Explained”

The President can veto Congress’ budget, but Congress, with enough votes, can override that veto. So while negotiations may happen between the two branches if Congress can’t get enough votes to override a veto, ultimately the responsibility for government spending lies with Congress. They alone have the power to specify taxes and spending, while the […]

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