@johnculberson yes. Debt ceiling = credit card limit. Natl debt = credit card balance.
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@gridlockjoe so if you had an overspending problem you would solve it by raising your credit card limits & borrowing more money? -
@johnculberson Congress has already written the checks. Now there has to be $ in the account to cover what you've spent. -
@gridlockjoe raising the debt ceiling increases the national debt - it is not complicated -
@johnculberson Raising my credit card limit does not increase how much I owe. Only my charges increase how much I owe. -
@gridlockjoe in this case the charges will be made immediately bcz America is living on money borrowed from our children. I am tired of it. -
@johnculberson We can at least agree on that. - End of conversation
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@johnculberson It's the budget that determines our level of debt. Are you seriously confused by this? -
@anths ok so if you had an overspending problem you would solve it by borrowing more money? Ask your bank if they agree. -
@johnculberson I'd certainly consider it preferable to defaulting on my debts and not being able to buy food, yes. Wouldn't you? -
@anths call Dave Ramsey's financial radio show and tell him what you just told me -
@johnculberson Also: I *really* wish people would stop comparing household finance to gov finance and macroeconomics. Not the same at all. -
@anths common sense tells you do not spend money you do not have - it's not complicated -
@johnculberson So *every* business that goes into debt to get started is doing it wrong? It's more complicated than you pretend. -
@anths no business and no family in America can survive if they try to solve income/spending problem by borrowing more money - it'sillogical - 1 more reply
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@johnculberson yes, are you stupid? As a member of Congress you should know the difference between debt and debt limit#idiot -
@BrianDunn1- ok so if you had an overspending problem you would solve it by borrowing more money? -
@johnculberson the debt ceiling isn't about borrowing more money. It's about paying things that have already been approved. -
@BrianDunn1 Brian the debt ceiling must be raised bcz America is living on money borrowed from our children - spending problem must b solved -
@johnculberson Right, so that should be done through budget, not debt ceiling debates. Sen passed budget, why won't house appoint conferees? -
@BrianDunn1 we already have appointed conferees - if you believe P Obama that's your right - just try that theory yourself first -
@johnculberson fair, I just think the negotiations should be made through the budget process, not through manufactured deadlines.
End of conversation
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