So where does the Fed.gov leviathan get the money to keep spending? Expect to see more headlines like "Treasury to tap pensions to help fund government". This is the Federal Government Employees pension funds they're raiding, and they pinky-promise they're going to pay it back. Actually, if there's one group you're sure they will pay it's themselves, so, yeah, I believe that. That WaPo article has a great graphic showing the history of the debt ceilings and the national debt. Golly, it sure has been effective at keeping the debt down, hasn't it?
As Beck likes to say, "In a totally unrelated story".... the acting Solicitor General for the US, Neal Kumar Katyal, said that the Federal government has absolutely no limits to its power. If the Indiana "no right to resist illegal arrest" case destroys the 4th amendment, then Katyal destroys the rest of the nine enumerated rights. In particular, in defending the government's "right" to force you to buy health insurance, he said they could force you to buy anything.
The court asked if the mandate to buy insurance would apply to anything...
"You think if the court had required people to buy wheat, it would have turned out the same?'Katyal didn't want to answer the question, so the court pushed him. He said,
"Could they possibly require the purchase of wheat?" he said. "The answer is yes."
[opposition lawyer] Staver explained, for example, that everyone eats, so the precedent could allow the government to require consumers to purchase certain foods or ban them from purchasing others. Or, it could make them pay whether they eat those products or not. [emphasis added - GB]Obviously a government like that, a government that can require you to do anything, buy anything, eat (or not eat) anything; a government without limits requires a budget without limits. They can just make up money out of thin air to spend and it will have no drawbacks at all.
(h/t Improved Clinch)