In 1986, 1991 and 1993 the people were promised if we “gave DC tax revenue now, DC will cut spending later and eliminate the deficit.” In all 3 cases DC got the tax hikes and promptly spent it plus every single dime they could borrow as well.
This is just the 4th time the Progressive DC political machine has trotted out this lie.
Every deal seems to be just smoke and mirrors. Even “cut-cap-balance” won’t balance our budget for more than a decade.
In order to “pay down the debt”, we can’t run a deficit.
It’s time for real spending cuts now.
The only debt ceiling deal I’d ever agree to is one that cuts enough spending that the ceiling doesn’t have to be raised.