My answer to Does the USA have to do anything about all its debt?
Answer by Ken Larson:
Image: “Vested Way”
“NATIONAL DEFENSE MAGAZINE”`
“The Elephant in the room is the Budget Control Act [BCA] that imposes strict limits to federal discretionary spending.
The restrictions in the Budget Control Act are in effect until fiscal year 2021. “We have not seen any plan to lift or strike the BCA and foresee difficulty getting a major hike through fiscal conservatives and Senate Democrats,” noted industry analyst Roman Schweizer, of Cowen Washington Research Group.”