The House recently passed a bill, dubbed the Fiscal Responsibility Act, that will stave off the current debt ceiling crisis and, per the CBO, reduce federal deficits over the next decade by $1.5 trillion. Regardless of how they decided to vote on the bill, many House members wanted, and still want, to reduce discretionary spending and curtail future borrowing.
Yet, as the saying goes, the more things change, the more they stay the same.
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