Fact Checker: Spending cuts to balance the budget will require difficult choices that Congress has avoided.
House Republicans are angling for a fight with the White House over raising the debt ceiling. The debt limit must be raised — no later than early June, according to the Treasury Department — or the federal government will no longer be able to pay its bills.
Too often, politicians talk in broad strokes about the federal budget, with big numbers that make little sense to most people. Or they suggest that actual reductions in spending would be relatively easy to accomplish.On the NBC program “Meet the Press,” for instance, Mace said: “I would lean on the agency heads. Whether it’s one penny or five pennies, the Penny Plan does it with five cents on the dollar in five years.
Other Republicans have floated a dollar-for-dollar exchange — a $1 increase in the debt ceiling in exchange for every dollar of spending cuts. That’s all but impossible. The debt ceiling needs to be raised to pay for things that have already been purchased, under laws passed by previous Congresses.Politicians often invoke the image of a couple sitting around the kitchen table, figuring out the family budget and how to pay off credit cards.
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