The only way I can read that is 'setting a cap does nothing' but reading that tells me that it only turns on email notifications. Not any better really. It's simply not a cap. It's an alarm.
Agreed. I don't agree with the underlying design decisions either, but you literally set a "Budget Alert" on Google Cloud. It's designed to be an alarm, not a cap. I was just trying to point that out
Yes, there is no way to set a budget for Google Cloud. And alarms are delayed up to two hours (!)