Peter Nayland Kust (@peternaylandkust): "Apparently, the debt ceiling deal doesn't actually reduce spending, it merely puts a limit on how much future spending can increase. In the swamp this is called "deficit reduction ". https://apnews.com/article/debt-ceiling-deal-food-aid-student-loans-3c284b01d95f8e193bca8d873…"

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Peter Nayland Kust May 28, 2023

Apparently, the debt ceiling deal doesn't actually reduce spending, it merely puts a limit on how much future spending can increase.

In the swamp this is called "deficit reduction ".

apnews.com

Here’s what’s in, what’s out of the debt limit bill to avert US default

The details of the deal between President Joe Biden and House Speaker Kevin McCarthy are out. The 99-page bill produced from their agreement Sunday would avoid a federal default while limiting government spending. But the two leaders still have to persuade Congress to pass the bill. Both sides can p…

May 28, 2023

10:24 AM

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