That’s not quite true. If we’re still at a budget deficit, the debt will continue to grow. The only way to avoid that is to immediately balance the budget.
There is NO WAY that’s happening between now and 1/20. That was the job of DOGE to figure out. I’m not sure there’s even enough headroom in the budget to do it after setting aside entitlements, defense, and debt interest. We might have to grow the economy first to get revenues to overtake the deficit.
There’s a difference between lifting the ceiling once—and suspending the ceiling altogether for two years.
Current anual budget deficit...$1.8 Trillion...current discretionary spending total is $1.7 Trillion (including defense). So even if you cut defense and the other discretionary spending to -zero- you are still $100 Billion short of a balanced budget. That is how bad it has gotten. Even PDJT & "DOGE" can't fix this.