Ongoing discussions continue between representatives of the legislature and the White House over increasing the Debt Ceiling of this country have mandated that those of us here at the SOS Dictionary continue our emergency sessions. While the effort is proving rather exhausting to our lexicographers, the fact that 'Just Blowing Smoke' is a non-union workplace in a 'Right-to-Work State' means that we can pretty much do whatever we want to the staff with complete impunity.
Now for those of you who have somehow managed to miss previous postings in this area (shame on you, now go back and read all of the postings under the title of dictionary, SOS, or Stuck on Stupid), the SOS dictionary is a reference guide to terms which nominally mean something to the rest of the English speaking world, but appear to mean something entirely different to those us who have come to understand the often peculiar political vernacular of Toledo and Northwest Ohio.
1. A number with 9 zeroes after it ( x,000,000,000). 2. A number which was once unimaginable to contemplate, except as a function of higher mathematics; but which is now considered little more than 'chump change' when speaking about government spending or debt. 3. A number once made famous by Carl Sagan for counting stars "billions and billions". Fortunately Carl passed into the great beyond before the numbers of stars were all but supplanted by those in the national debt. 4. A number which we now toss around in discussions of the federal budget with little or no regard for its value (relative or otherwise) and even less concern. (see Trillion)
1. The money that the federal government borrows in the form of bonds or other promissory notes. 2. The money that the federal government borrows these days to, for the most part, pay off the money that it previously borrowed. 3. A snowball rolling downhill that threatens to take all of us out in the ensuing avalanche.
Government Debt Ceiling:
1. The limit of the debt that the government is allowed to incur by law.
2. The limit of debt that the government is allowed to incur until it threatens Congress with dire consequences and is allowed to borrow even more.
3. An amount of money which in fact appears to have no real or finite limit, only the ability to feed and grow like the creature in the movie "The Blob" (the original with Steve McQueen, not the silly remake.)
1. A term used to define the inability or refusal of a government to meet a financial obligation previously incurred.
2. A term used to motivate media pundits, terrify voters, and aggravate legislators into allowing a government that already owes too much money into borrowing more.
3. A mostly meaningless term where this country is concerned with absolutely no basis in fact, which is of little use except to frighten those with no clear grasp reality (the aforementioned media pundits, voters, and legislators).
1. A number with 12 zeroes after it ( x,000,000,000,000).
2. A number which was once unimaginable to contemplate, except as a function of higher mathematics; but which we now toss around in discussions of the federal budget with little more than a yawn and a wave of the hand when speaking about government spending or debt. (see Billion)
SNAFU and; FUBAR:
1. Terms which the staff at the SOS Dictionary (in a rare exhibition of good taste) were willing to list, but seem adamantly disinclined to define further.
2. The only terms that the staff seem to agree upon as adequately describing the current state of the Debt Ceiling, the plans being discussed to resolve it, and the likelihood that they will actually do so In order to provide perspective relating to the terminology of the Debt Ceiling, I reference the following chart from the Office of Management and Budget, as provided by Heritage. org