I thought we would have to raise the Debt ceiling or cut $1.5T from this year’s deficit.
Doesn’t this agreement mean also caving on the Debt ceiling going up to $16T ?
They are using the same talking points re: the debt ceiling:
“Many congressional Republicans say they will refuse to raise the debt ceiling without more spending cuts. The White House and many Democratic lawmakers want the ceiling raised immediately, warning that if the country defaulted on its debt, interest rates would soar, sparking another financial crisis and crippling hundreds of thousands of businesses.”
http://www.freerepublic.com/focus/f-news/2702117/posts