Front Page
NMJ Search
Editorials
Commentary
Archive
NMJ Radio
Constitutional Literacy
Islamofascism
Progressivism
Books
NMJ Shop
Links, Etc...
Facebook
Twitter
Site Information
About Us
Contact Us
  US Senate
  US House
  Anti-Google






"The President isn’t going to sign off on any agreement that doesn’t include...dealing with our debt ceiling,” Sen. Dick Durbin (D-IL), said.
Social Bookmarking
Print this page.
Reid, Durbin: Fiscal Cliff Deal Must
Include Raising Debt Ceiling

BusinessInsider.com
Two of the top Congressional Democrats today emphasized that any deal to avert the so-called "fiscal cliff" must also address the debt ceiling, which will need to be raised by February.

The top two Democratic Sens. leading the cliff negotiations -- Nevada Sen. Harry Reid and Illinois Sen. Dick Durbin -- both said that the ceiling is an issue that needs to be tackled in any upcoming deal.

The fiscal cliff, of course, hits Jan. 2, when numerous tax increases and spending cuts kick in. According to a report today from the Bipartisan Policy Center, the debt ceiling will have to be raised by February -- and perhaps sooner.

According to Slate's Matt Yglesias, Durbin told reporters today at the Center for American Progress in Washington that a "grand bargain" would need to address the debt ceiling.

"The President isn’t going to sign off on any agreement that doesn’t include some certainty as to budgets, appropriations, dealing with our debt ceiling,” Durbin said. “We’re not going to find ourselves at some big party celebrating in February and then turn around in March and have another doomsday scenario with the debt ceiling. We’ve got to get this done as one big package.”

Later, while speaking with reporters, Reid echoed Durbin's sentiments. His comments, via The Hill:

“We would be somewhat foolish to work out something on stopping us from going over the cliff and then a month or six weeks later Republicans pull the same game they did before and say, 'We're not going to do anything -- unless this happens, we're not going to agree to increasing the debt ceiling,’ ” Reid said.

“I agree with the president, it has to be a package deal,” he added.

Reid also said, however, that he was "disappointed" with the overall progress of the talks, which sent markets down.

Both Reid and Durbin suggested that President Barack Obama shares their position, though he has yet to signal that publicly. In a recent interview with Bloomberg TV, though, Treasury Secretary Tim Geithner said he would favor an elimination of the ceiling. But he said that would be decided by Congress.

"Well, you know, this is only -- something only Congress can solve. Congress put it on itself. We've had 100 years of experience with it. And I think only once, last summer, did people decide to use it to threaten default on the American credit for the first time in history as a tool for political advantage. And that's not -- that's not a tenable strategy for the country," Geithner said.

READ FULL SOURCE ARTICLE

Editor's Note: Tax and spend! Tax and spend! Borrow, ax and spend! Borrow, tax and spend!...When the hell does it ever stop with these Progressives??








The BasicsProject.org informational and educational pamphlet series is now available for Kindle and iPad. Click here to find out more...

The New Media Journal and BasicsProject.org are not funded by outside sources. We exist exclusively on donations from our readers and contributors.
Please make a sustaining donation today.







Opinions expressed by contributing writers are expressly their own and may or may not represent the opinions of NewMediaJournal.us, its editorial staff, board or organization.  Reprint inquiries should be directed to the author of the article. Contact the editor for a link request to NewMediaJournal.us.  NewMediaJournal.us is not affiliated with any mainstream media organizations.  NewMediaJournal.us is not supported by any political organization.  Responsibility for the accuracy of cited content is expressly that of the contributing author. All original content offered by NewMediaJournal.us is copyrighted. NewMediaJournal.us supports BasicsProject.org and its goal: the liberation of the American voter from partisan politics and special interests in government through the primary-source, fact-based education of the American people.

FAIR USE NOTICE: This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance a more in-depth understanding of critical issues facing the world. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 USC Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to:http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.


The Media Journal.us © 1998-2014    Content Copyright © Individual authors
Powered by ExpressionEngine 1.70 and M3Server