While the premise sounds simple, the maze is convolute. Let's pray they come up with a solution that actually brings the spending orgy to a halt.
trebb: “With current law as it is, demanding a 7-8% increase in spending each year, how does one go about actually cutting the debt without first changing the law.”
Change that “current law” to require 7-8% decrease in spending each year, and to eliminate the on-line accounting feature (that increases the federal spending by 7-8% every year).
But, the House, under Boehner, obviously doesn’t have the courage to do anything that reasonable and simple.
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