The National Debt And The Control Of The House

Under the U.S. Constitution, all bills for raising revenue that determine how much Americans will be taxed must originate in the U.S. House of Representatives. By tradition, all appropriation bills that determine how much the U.S. government may spend also originate in the House of Representatives.

That combination of taxing and spending power goes a long way in explaining why the U.S. government’s total public debt outstanding now totals in the tens of trillions of dollars, where over the years, the U.S. government has appropriated far more spending than it has proved capable of collecting in taxes….

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