Wednesday, March 15, 2017

Debt Limit Reached

The debt limit has been reached and the government can spend no more unless Congress raises or suspends the debt limit.  This could be a huge boon to Trump.  By simply vetoing any efforts to raise the debt limit, the president can hold the line on spending.  As the chief executive, it is up to him to decide where to cut spending in order to hold that line until Congress passes a new budget.  Even with a new budget, that debt limit is a wall on overspending.  The government will have to spend only what it collects in taxes!  Spending within our means!  What a concept!  Let the layoffs begin!

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