Bill: Pending Debt Limit Resolution

[EmeraldGuuy]

CONGRESS OF THE
COMMONWEALTH OF REDMONT
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A RESOLUTION TO

RAISE THE BORROWING CEILING


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The people of the Commonwealth of Redmont, through their elected Representatives in the Congress and the force of law ordained to that Congress by the people through the constitution, do hereby resolve the following:
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PART I — PRELIMINARIES

1. Short Title
(1) This Resolution may be cited as the ‘Debt Limit Resolution’.

(2) This Resolution has been authored by Deputy Speaker EmeraldGuuy, with assistance from FRB Member Musclebound.

(3) This Resolution has been co-sponsored by Senator HatManMC

(4) This Resolution does not amend any Act of Congress.

2. Reasons and Intent

(1) Section 6(2) of the Borrowing Authority Act authorizes Congress to set the Borrowing Ceiling.

(2) Musclebound say print money mean better economy, so we raise debt limit so Musclebound can hit big red print button.

(3) The Commonwealth remains in an excellent fiscal position.

(4) With an expected new wave of players coming soon (Trolligarch), the government should prepare accordingly.

PART II — TERMS

3. Borrowing Ceiling
(1) In line with Section 6(2) of the Borrowing Authority Act, Congress hereby sets the Borrowing Ceiling at $500,000,000.

 

[TequilaSalad]

- I can't support this massive increase just because "musclebound says so", I don't think you should either. we need real data so if musclebound wants to provide a writeup that actually demonstrates the methodology i would consider voting yea if I agree with it and this was proposed again