Do I detect a gradual slide into irrelevance within the land of Weigantia?

Nope. You've been irrelevant since your first post. :)

I inadvertently posted a large chunk of your post without deleting it... so ignore that last paragraph after the recap which was actually part of your post.

I'm having a nice glass of the finest whiskey in the world and Coca-Cola.

So, to recap: Blame Canada. :)

TP$

You either got money on the brain or are getting shifty. Heh.

Re "Debts incurred by passing legally-binding appropriations bills . . "

It's not passing appropriations bills that incurs debt, it's the borrowing of the money to pay for whatever the gov't is buying that incurs the debt.

You are absolutely incorrect and definitely confusing the term "debt" with "loan." You need it explained to you? I can do that for you since I'm such a nice guy.

EXAMPLE 1

I recently purchased a brand spankin' new energy efficient tankless water heater under the terms of the Inflation Reduction Act of 2022, and two things have now occurred:

(1) I have unlimited hot water.

(2) The United States is now in debt to me for a $600 credit under the Act whether they borrow the money to pay me or not.

If somebody performs a (any) service for me (or anyone else), a "debt" is owed to them until they are paid for services rendered... whether I borrow the money to pay them or not. Spoiler alert: I don't borrow the money to pay them.

So, to recap: One does not have to borrow money in order to incur a debt. This is basic stuff, Stucki, and you're the self-proclaimed "money expert"? Heh. :)

And even the coining or printing the money (in lieu of borrowing) doesn't incur debt. Paying the gov'ts bills with newly-created money (monetary inflation in economist's terminology) is simply a form of taxation, levied against the purchasing power of all the previously created money.

How does this song not rise to better than number 5 in the USA!?

Re "Debts incurred by passing legally-binding appropriations bills . . "

It's not passing appropriations bills that incurs debt, it's the borrowing of the money to pay for whatever the gov't is buying that incurs the debt. And even the coining or printing the money (in lieu of borrowing) doesn't incur debt. Paying the gov'ts bills with newly-created money (monetary inflation in economist's terminology) is simply a form of taxation, levied against the purchasing power of all the previously created money.