Almost as ridiculous as a government having an arbitrary debt limit that can't even be enforced Couldn't help but notice that there was no problem increasing the debt limit over a half dozen times under GW who was the first leader in history to wage war while lowering taxes And last time I checked Obama said he wouldn't use the trillion dollar coin
I'm saying the fault for the spending under Bush falls on both the Republicans and Democrats, but the Democrats are solely to blame for the spending under Obama. In other words, the Republicans are occasionally responsible, but the Democrats have no shame or sense.
Fine. Cut it in half, and you save $300 billion per year. Yet, to actually balance the budget in the long term, you still need to cut at least another $700 billion per year from somewhere. Where are you going to get it?
How much does freezing pay growth for elected officials, cutting all foreign aid, making all elected officials buy their own health insurance, limiting the number of tax deductions a corporation can take, creating tariffs on foreign electronics and imported cars, and not lending 7 trillion dollars on .001% interest to banks that turn around and buy government bonds for 2.75% interest save?
It's as ridiculous a notion as the one the Republicans have of 'letting the U.S. default on it's payments because everybody hates their ideas', which is why the coin was brought up in the first place. Obama said there would be no cuts attached to the next self-imposed debt ceiling fiasco because Republicans don't want to pay the bills they've incurred, and he meant it. When he told them bitches he wasn't playing games, however, he was lying...who needs a coin when you have the 14th amendment!