Where would Senator Lee cut $1.5 trillion from this year’s budget? Not $1.5 trillion over X number of years, but $1.5 trillion from this years expenditures. I would be interested in hearing his proposal.
Agreed.
Unfortunately, I think it’s unrealistic to think that the country can go cold turkey on government spending in just one year.
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?