House Speaker Kevin McCarthy appears with Maria Bartiromo to address criticism about details within his debt ceiling bill. The criticism is very valid, and is being made by many people who are unhappy with the deal to raise the debt ceiling. However, the primary defense point of McCarthy surrounds a return to regular budgetary order.
As noted by McCarthy, the 12 house appropriations bill that form the traditional federal budget, are due in Aug/Sept for fiscal year 2025 which begins October 1st. That is where substantive spending will be reduced, well below current spending levels. However, Bartiromo confronts that outlook by asking ‘what if’ the Senate doesn’t take up the federal budget bill, preferring instead to use the funding mechanism provided within the debt ceiling bill. {Direct Rumble Link}
The budget debate may sound somewhat parliamentarian, because the nuance of federal budgets is exactly that. The mechanism to force congress to create a regular order budget is the debt ceiling. Essentially the national credit limit. If you take away the mechanism to force the budget, there is no force mechanism to require the budget. WATCH:
The amount of debt carried in your own household budget is only a problem if you have a limit on your credit. If you have unlimited credit, meaning you can borrow endless amounts of money, then you can spend as much as you want. This willy-nilly raising of the national debt ceiling is the issue at the core of why federal budgets are not passed.
