Topic of the Week: federal debt ceiling

The debate over the federal debt ceiling has been big news this week. While President Barack Obama wants to make a broad deficit reduction deal, including trillions of dollars in spending cuts to Medicare and Social Security, Congressional Republicans have been unwilling to compromise on raising revenue through tax increases on the rich.

Do you think a deal on the debt ceiling will get done? Will a deal include a mix of spending cuts and revenue increases, or will we see just a “clean” increase of the debt ceiling without a larger deal?

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1 thought on “Topic of the Week: federal debt ceiling

  1. The politics on this are so byzantine – Cantor’s play is as much about shanking Boner as it is making a play for teabag support – it’s doubtful the players themselves know. As Sam Seder puts it, “kabuki theater within kabuki theater.”

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