re: #20 HoosierHoops

Hi Lizards! I’m pretty sure I’m Stupid when it comes to Government bookkeeping and have little understanding how it all works.
So Let me ask a dumb question..If the administration just cut 2T dollars in the deficit then why do we need another 2T bucks on the debt limit?
/don’t taze me bro! :)

It depends on how you spin the numbers. Here’s what the most recent CBO actually said
CBO: Fiscal cliff deal adds $4 trillion to deficits
Although I oppose the GOP playing chicken with the debt limit I’m not sure if the $2 trillion cut is accurate. There are other ways to compare projected spending but this is what the CBO score says.