"After rocketing spending to the highest levels ever (by a large margin), we currently spend $1.3 Trillion more than we have each year, but we have maxed out our credit card. We were planning on increasing that spending by $4 Trillion over the next 10 years. So, we decided we would only increase that by 2 Trillion and look for some ways to increase it even less. We will call it a cut even though we are STILL increasing how much more we spend than what we have. Ultimately our solution is the people and businesses need to pay more. That will solve it!"
"And this will make our creditors happy."
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