CSPAN2 Key Capitol Hill Hearings January 6, 2015
Includes the manner in which subsidized payments on the national debt. Congress is appropriation law is standing conflict with the debt ceiling log which caps the amount of debt the federal government can go at any one particular time. Since enacting a statute in 1917 congress has routinely prescribed budgets mandating spending that so plainly exceeds projected revenues that they will inevitably require the treasury to borrow funds in excess of the debt ceiling to make good on our obligations. And for Decades Congress has improved approved home virtually every time we have crept close to the B...