I don’t think you fully understand the effect of those two sentences. I don’t think anyone does. Cutting spending that much that fast will cause the economy to shrink. when the economy shrinks, revenue shrinks. When revenue shrinks, spending will shrink even more. When revenue shrinks even more, expenditures will shrink even more.
When all the shrinks and cuts are finally finished cutting and shrinking, we could be in the worst great depression the world has ever seen. But the alternative isn’t preferable.
Oh, I fully understand the meaning completely. I also fully understand that anything less only makes the problem worse, thus making the eventual, inevitable correction even worse.
The GDP number is ALREADY a sham, since ~10% is faked via government deficit spending.
Being treated for cancer sucks. Do you want to do it now, before it metastasizes, or later, once it’s in your bones and liver?