Cornyn being asked about debt ceiling on Fox (no Chris Wallace)
Cornyn used the commie term “revenue neutral” lower rates and reduce loopholes.
Isn’t raising the debt ceiling the same as getting a new credit card, transferring the balance of the old account and then paying [owing - not necessarily paying] even more in interest payments?
Even Harvard economists should know that this is a spiral that ends in catastrophe.
I wish that everyone speaking about budget numbers would avoid the word “trillion.” It reduces what the ear and brain hear to single digit, aka non-scary, numbers.
If they said the deficit is fifteen hundred billion, or one thousand five hundred billion, and our interest payments are four hundred billion dollars, maybe a few more people would see some reality of the problem.
One point five trillion just does not register in most brains.