Do we all understand that the debt ceiling discussions and more specifically, the $1.0 to $4.0Trillion debt reductions being discussed, are reductions in the projected ADDITIONAL $10Trillion in debt the US expects to add to its debt over the next ten years?
The discussions are not a real discussion of reducing debt, they are a discussion about slowing the growth of our debt. This is absolutely ridiculous. We need an immediate 35% cut in the federal budget just to get close to a balanced budget now.
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