>

They also think household debt is like government debt
“We must commit to not raising the debt ceiling without a concrete plan to cap spending and operate under a budget that balances in 10 years or less— and hold to it,” Reps. Scott Perry (Pa), Chip Roy (Texas), Dan Bishop (N.C.), Andrew Clyde (Ga.), and others wrote.

Funny, I can't remember a time in the last 40 years when Republicans could 1) balance a budget and 2) meet that budget, but I certainly remember them doing economic damage with austerity recently.
Edit: The other amusing part is they constantly want to reduce spending, but never want to reduce costs of things they're buying, and never take inflation into account. Everything costs more from one year to the next, so it would make sense that the budget would have to go up commensurately. Spend less, get less. >

The way Ive always seen it is: They want deregulation  for anything making them money, regulation for anything costing them money.
The only time it changes, is when others start making money. Then it's time to "close loopholes" and "cut the fat" >

People who want a balanced federal budget are confused about what public debt represents.