Absolutely - if some folks are hurting, let's bring everyone down to their status instead of bringing the hurting folks up. It's a tried and true conservative principle...oh, wait....
When a company is not having revenues exceed expenses, actions are typically taken to reduce employee costs (I know, as I got retired early - one of many experiences along these lines over the years).
The Federal gov't has expenses that WAY exceed revenue. Appropriate actions need to be taken. Giving everyone a raise is NOT one of those actions. Borrowing money from China is not one either.