Uhhh—spending is going down, but debt is still rising
I think because of paying interest on the debt we already owe....the DEFICIT, the amount we spend versus what we take in , is going DOWN...which means we are living within our means WHILE the slimdown is in effect.
And if we can do THAT with little or no hardship for the VAST MAJORITY of Americans then WHY can't we do it all the time?
The article is about the deficit not the debt. The deficit can shrink to almost nothing, but as long as it is a deficit, debt will continue to grow.