Posted on 01/27/2011 10:47:59 AM PST by jazusamo
Amen!
If the debt ceiling is not raised and Congress does not cut enough from the budget in one year to not exceed the debt ceiling, what happens?
The debt ceiling is just a number. If the debt goes beyond the debt ceiling, wouldn’t this be a good way to force Congress to find enough REAL future cuts to force the debt to be lowered back under the debt ceiling over time?
I don’t understand why the debt would have to be made to be less than the ceiling all at once in one year. What am I missing?
Yeah, but it would also require making tough choices. Cutting $1.5 trillion from the budget as the Senator's amendment would require Congress to do would require defunding most discretionary spending, gutting that which isn't eliminated, and taking huge cuts in Social Security and other entitlements. I don't see Congress doing that.
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