The debate about the debt ceiling is the perfect opportunity to talk about America’s real budget priorities
How to Balance the Budget in 10 Years
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Both houses of Congress have now voted to suspend the debt ceiling until May 19, buying lawmakers more time to develop a budget. The Senate would put together a budget for the first time in three years—and the details of that budget are crucial.
To prevent the federal debt from growing further out of control and harming economic growth in the long term, Congress must balance the budget in 10 years and keep it balanced—without raising taxes further.
This 5-point checklist covers the do’s and don’ts of balancing the budget in 10 years: