Someone explain this to me....
If a there are cuts....why does the debt ceiling have to be raised?
Not exactly.
The devil is in the details of the cuts. If the cuts started immediately and sufficiently reduced spending so that we didn’t have to borrow 40 cents out of every dollar we spend, but instead we need to borrow zero cents out of every dollar we spend, it would be true that if you cut, you don’t have to raise the debt ceiling.
But that isn’t even what people are talking about when they say cuts. They don’t mean, cut 40 cents of spending out of every spent dollar, immediately.
So, the two things don’t line up exactly, and there is still the problem of bumping up against the debt ceiling and exceeding the limit.