Fannie Mae-No Politics (FNMA)

[YanksGhost]

<< I find this wording highly misleading. >>

Why? I never stated anything about a cash outlay. It is a budgetary contingency that must be considered in every year's proforma as presented by the White House OMB. It is also required in the Annual Financial Report issued by the Department of the Treasury. $250 B in the budget prepared by Director Mulvaney is $250 B that counts towards the estimate for Debt Ceiling as considered by the House Office of Management and Budget.

It is against the law for Congress to allocate funds or expenses that exceed the agreed-upon Debt Ceiling Limit barring a resolution allowing it.

This is a BIG DEAL, not only among the budgeteers but also as portrayed to Mr. & Mrs. Voter at election time. Remember the sequester?