[glorgau]

Pretty simple, just up the debt limit $500 billion at a time.

That will make spending cuts more likely to pass with less political grandstanding.

[bill1952]

Pretty simple, just up the debt limit $500 billion at a time cut spending $500 billion at a time.

That will make spending cuts more likely to pass with less political grandstanding

Fixed it for you

[USFRIENDINVICTORIA]

Even if Obama were held to his original deficit projections (from 2009); that would represent a huge cut in the deficit. It could be called something like the “Keeping Obama’s Promises Initiative”, and no Democrat could complain, without also acknowledging that the current deficits exceed Obama’s projection (promise).

Here's an article from 2009, which has a helpful graph showing Obama’s projected deficits:

http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/

[MontaniSemperLiberi]

$500 billion pays for the national debt for one year.