Replies to post #757146 on Fannie Mae-No Politics (FNMA)

[NeoSunTzu]

The debt ceiling agreement has already been reached. Refunding 301B will singlehandedly decimate the agreed upon debt ceiling.

This is complete nonsense. I doubt you know much of anything about the debt ceiling, federal budget, deficit, national debt, and appropriations process. First, the debt ceiling agreement is ONLY a framework which allows for the debt ceiling to be raised; it does not dictate or allocate ANY spending yet, just general agreements on caps (discretionary spending - still allowing more than $1.5T in 2024 and does not include emergency funding or overseas contingencies), future growth, and budgetary processes to name a few. Actual spending allocations will be determined during the appropriations process later this year. Only then will the additional funds allowed by the increase in the debt ceiling be debated on where it will be spent. Second, the federal government takes in more tax revenue each and every month than the additional amount swiped by the NWS and, in most months, the government takes in more tax revenue than the total thus far paid back ~ $301B.

Finally, there is no basis to assert it will wreck the agreed upon debt ceiling because in essence the agreement is there is no longer a debt ceiling - the new actual debt ceiling does not have to be determined until January 2025. So in essence, trillions in additional spending theoretically can get through - especially, for example, if a financial crisis is to be addressed or averted. Again, nothing will be allocated until the appropriations process later this year. Estimates are that spending will be allowed to increase by $1.7 (2024) and $1.8T in 2025; however, they almost always blow through the estimates.

[Donotunderstand]

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SEEKING ACCOUNTANT

I am not sure this has anything to do with what I will go the GOV P and L (Spending and Incoming)

Spending -- or the borrowing to spend - clearly is involved with ceiling etc.

But I wonder and think

The 301B (or whatever the # is for the LP/SP "obligation" - ) is likely an Accounts Receivable on the Balance Sheet and not related to expense income P and L

The GOV might be able to remove this Receivable (as one of the two "double book keeping entry" actions needed - with the other being a reduction of net worth or some form of equty holding --- In that way --- ACCOUNTANTS?? --- this is all on the Balance Sheet and is not an expense - does not need cash spending - etc.