Kick-the-Can Down the Road, Part II

The proposed spending cuts are not true reductions in the federal budget.  These cuts simply slow down the pace of future spending increases.  What does that mean?  Specifically, the federal government had planned to incur $10 trillion in additional debt over the next decade.  Now, the spending increase will just be $7 trillion.  Therefore, instead of the current $14.3 trillion federal debt growing to $24 trillion, the debt will only be approximately $21 trillion.