But we haven’t quit spending it. This is a continuation of the Bush years, more tax cuts and more spending. There are two choices that can prevent the financial ruin of this country. 1) Spend a lot less and tax a bit less. 2) Spend a bit more and tax a lot more.
This is only going to hasten the day America defaults on it’s debt.
Option 1 might prevent the financial ruin of the country. Option 2 will not work.