The plan would give the president the authority to raise the country's debt ceiling, while allowing Congress to avoid having to directly vote for the measure.
"It takes the pressure off all the politicians, but it allows us to pass a debt limit without making the hard choices that this country has to make," Republican Sen. Tom Coburn of Oklahoma said Sunday morning on CBS' Face the Nation.
The standoff between Republicans and Democrats is led by House Majority Leader Eric Cantor of Virginia and a group of other Republicans on Capitol Hill who refuse to consider tax increases as part of the deal.
While many Republicans refuse to consider tax hikes, some Democrats are unwilling to compromise on entitlement programs. House Democratic Leader Nancy Pelosi says she won't accept a deal that includes cuts to entitlement programs like Social Security and Medicare.
We are in the spiral.
No comments:
Post a Comment