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But how does that fix inflation
SFGbob
Member Posts: 32,247
in Tug Tavern
This is now the go to snark by leftist when the GOP talks about investigating Biden's corruption and or the weaponization of Executive branch against Republicans.
How many of you think Mellow and the Biden Bros will support the GOP's attempts to cut spending using the debt ceiling as leverage? Our out of control spending and money printing has everything to do with inflation, you think Mellow is going to support the GOP on this?
How many of you think Mellow and the Biden Bros will support the GOP's attempts to cut spending using the debt ceiling as leverage? Our out of control spending and money printing has everything to do with inflation, you think Mellow is going to support the GOP on this?
Comments
The answer is simple, budgets are generally first laid out in a p&l form. The annual or 2 year outlook could look great in that form, but unless it can pass an actual cash flow check, it doesn’t work and can not be accepted or published. So you either need to cut or defer spending, or raise outside sources of cash until the p&l budget fits within a cash flow model. The debt limit is essentially the cash flow test. Anyone that publishes/passes a spend budget that doesn't work with the cash flow has failed in fiduciary duty and should get the piano wire treatment.