Now I want to balance the budget and pay down some of the debt.
However lets get real, it will likely require more tax revenue AND spending cuts.
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- I am married and we have 3 adult daughters and a dog. We live in Plymouth MN. My interests are learning, communicating, home improvement projects, motorcycling, boating, and other outside activities. Thank you for reading my blog and have a great day !!!
2 comments:
My own view is that the constitution prohibits us from dishonoring our debt. Tha being the --case, the debt limit stattute can be safely ignored.
==Hiram
GOP has no clue
I liked this quote...
"So, faced with a roughly $20 trillion shortfall in the budget over the next 10 years, and standing firm with their principled refusal to raise taxes, Republicans would have to make ruthless cuts in non-defense discretionary spending. “Closing that gap would require eliminating nearly all other domestic spending,” Rampell writes. “That means axing border protection, air-traffic control, farm subsidies, infrastructure and many other categories that both voters and elected officials hold dear.”
But voters – and even some Republican lawmakers – may not embrace such a draconian approach. “In short, virtually every possible avenue available for reducing the deficit would be unpopular,” Rampell says. “Which probably explains why supposedly fiscally conservative Republicans chose not to take them when they controlled both houses of Congress during Trump’s presidency.”"
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