We have too much debt to stop borrowing?

Our debt is not a function of immediate spending decisions but of very-long-term spending trends. That means that in order to pay just the interest on the debt, the government has to roll over some existing debt by borrowing. It is simply not possible to cut spending enough immediately to avert this with some additional borrowing.

Says Peter Wehner

Lemme see, we owe 15 trillion and we pay about 3%, that comes to 450 billion in interest payments.  So, instead of raising the debt ceiling, we cut 450 billion from the budget, or cut 15% from the budget.  Not a problem, really, households and states have cut back by 15%.

Peter has an entanglement problem. There is no path from where he is to where the debt is stopped. But the Tea party might have a path, and they are doing the voting.

Update:
Yglesis points us to  Paul Ryan's announcement that he is a Big Government Conservative, he caved in, a coward!

But House Budget Chairman Rep. Paul Ryan says that tactic isn't viable. "Just refusing to vote for it, I don't think that's really a strategy," he said, noting that a failure to raise the ceiling could result in the nation defaulting on its debts to investors.

No Paul, we would default because you have plans for more spending, you are the problem.
We have too many Pauls. Are they all Big Spenders like this one? We need more Michelle Bachmann.