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. $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? The "read my lips, no new taxes" proclamation by President G.H.W. Bush that cost him his second term as Potus arose when he relented to an increase to avoid a Debt Ceiling crisis.