I see a few holes in your situation and I feel your pain until last year I had two options here at my house sat or clear, both sucked but got us by.
Hole one, your using a personal hotspot for your primary source of internet, it's not designed for that and no carriers system is designed like that.
hole two, your letting the kids connect to it, kids are HEAVY data users no matter what
In theory yes after you used the 2gb it would still work, but with heavy usage it could be term'd and that is if they have started just the throttling they were talking about.
You will never find a "truly unlimited" service anymore anywhere. If you did it wouldn't be at 3g+ speeds. Carriers even the big ones that claim unlimited will throttle or term an account for abuse. Different carriers have different abuse policies but the basics are the same heavy usage of data.
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