will be some reduced spending not nearly enough but real reduced spending that i think can be enforced. maybe a half or less than half of what we really need to do to get our country on a sound footing. it is not a debt ceiling that is a big issue. the debt ceiling is a process and opportunity for us to discuss the overall debt trajectory that is dangerous for america to give us an opportunity to reverse the trends. that s some progress driven by the last election but not enough. is there any sort of as you put into the power presentation or in this plan so that in the next congress we are in this mess again in terms of the trajectory? is this really finding o bindin on anybody for a period of time? it is binding. a year or so ago we voted to declare the census an emergency.
will be some reduced spending not nearly enough but real reduced spending that i think can be enforced. maybe a half or less than half of what we really need to do to get our country on a sound footing. it is not a debt ceiling that is a big issue. the debt ceiling is a process and opportunity for us to discuss the overall debt trajectory that is dangerous for america to give us an opportunity to reverse the trends. that s some progress driven by the last election but not enough. is there any sort of as you put into the power presentation or in this plan so that in the next congress we are in this mess again in terms of the trajectory? is this really finding o bindin on anybody for a period of time? it is binding. a year or so ago we voted to declare the census an emergency.
reform would send a message to the job creators we re just not serious about stopping the spending addiction going on in washington. ahead of tomorrow government monthly jobs report, the private adp survey says the economy did not meet job creation expectations in may. it has been a bumpy week on wall street which left the speaker with a sense of urgency. it s pretty clear to us if we don t act soon and get the fiscal house in order the markets will act for us. already, moody s investor service determined the heightened polarization in washington increased the odds of a short-term default and may downgrade the u.s. triple-a rating. failure to reach an agreement as part of the current negotiations would increase the likelihood of a negative outlook in the near tum because the upward debt trajectory would still in b in place. administration officials says it underscores the need for congress do move quickly. on the economic numbers, the white house is trying to focus on the big p