"Debt ceiling? No. That's not being raised. Don't waste my time on that -- now, about these spending cuts, here's what I want ..."
Really bold action - DECREASE the debt limit to the level at which it was under the last day of Bush-43’s term in office.
Which means, a LOT of obligations must be somehow be paid off before the US Government may be allowed to borrow more money.
Time to cut up the current credit card. The “full faith and credit” of the Federal government is strained beyond any definition of the terms. There is no longer any faith in the credit of the US Treasury or the Federal Reserve, which have shown an unconscionable flouting of any previous constraint placed upon them.
Citibank would not tolerate this sort of behavior by ANY of their customers more than a time or two. The elective portion of the US government has been profligate on an historic scale not expected to be achieved by any other entity for thousands of years into the future.