We first have to deal with debt ceiling. The 20 trillion debt.
Congress can't cut spending, Congress has to pass a 10 year budget. The debt ceiling has to be increased from 20 trillion to 30 trillion.
The necessary budget resolution must start with the CBO's recent projection of the current law baseline, which generated $10 trillion in new deficits over the next decade and would take the public debt to $30 trillion in 2027. And that's before even a single dime of the $5 trillion Trump Stimulus ($4 trillion of tax cuts and $1 trillion of infrastructure) is laid on the budgetary table.
Your feedback is important to us
What do you think of this blog post? Leave us a comment!