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No. In the U.S., the Constitution places all authority for borrowing and spending in the hands of Congress. The Constitution does not place a limit on the amount that the country may borrow. Because it was inconvenient for Congress to get involved every time the Treasury needed to issue a security, Congress passed a law in 1917 which allows the Executive Branch, specifically the U.S. Treasury, to borrow money as necessary, provided that the total amount borrowed remains within a limit set by Congress. Currently (July 2011), that limit is set at $14.3 trillion.
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Following the Spanish-American War nations in the Caribbean and Central America were deeply in debt to?
European nations
Why did nations form alliances with other nations?
they probably owed them debt or helped them out of debt.
What does the constitution do to limit government?
The constitution sets boundaries to limit what the government can & cannot do.
Is there a constitutional limit to the size of the national debt?
There is no constitutional limit on the size of the national debt. Congress establishes a limit above which the debt cannot go. However, it periodically raises this limit as the need for more spending arises.
Is there a time limit for creditors to collect a debt from a deceased in Pennsylvania?
no there is no limit
The nations debts and upholding the constitution?
This is 2 separate issues. The national debt has just gone up because of the new tax laws that were recently passed. The constitution is a working document and is the framework for government and is used everyday.
Is there a dollar limit with a warrant in Debt?
25000
Is there a limit in which you can be sued over credit card debt?
Your bank sets the limit. But yes.
How does debt limit your investment options?
You have to pay off your debt before you can invest! Or you can't invest as much because of the debt.
How many days to pay off nations debt at a 100 dollars a second?
how many days to pay nations debt at 100 dollars a second
What actors and actresses appeared in Debt Limit - 2011?
The cast of Debt Limit - 2011 includes: Eddie Jemison as Banker Brian Stepanek as Joe America
What is the statutory limit before a debt becomes a 'bad debt write off'?
180 days
