As GOP demands deficit cuts to raise debt limit, fight from 2011 makes a return appearance

  • Article by: JIM KUHNHENN , Associated Press
  • Updated: December 6, 2012 - 2:09 AM

WASHINGTON - The political fight that took the nation to the verge of defaulting on its debts last year is back, overshadowed by "fiscal cliff" disputes but with consequences far graver than looming tax hikes and steep spending cuts.

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geewillikersDec. 6, 12 2:33 AM

Methinks the Prez doth protest too much. A little scary being in the driver's seat, itn's it Barry?

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norway2010Dec. 6, 12 6:39 AM

Do not put the full faith in credit of the United States at risk or everybody will be paying more. The GOP would be foolish to play this game. This makes no sense.

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drichmnDec. 6, 12 7:11 AM

"But failure to raise the borrowing cap would leave the government unable to pay its debts. That would roil the stock market, result in a likely downgrade in the nation's credit rating, increase interest rates and threaten another financial crisis." .... all courtesy of the Republican's. They passed spending bills but now don't want to pay them. And they are willing to plunge the economy into another crisis unless they gut medicare and social security. And they aren't even doing it to pay down the deficit, they're doing it to once again cut taxes for the rich. Put another nail in your coffin for the midterm elections.

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firefight41Dec. 6, 12 7:17 AM

Do not put the full faith in credit of the United States at risk or everybody will be paying more. The GOP would be foolish to play this game. This makes no sense. ******** No it does not make sense, so why are both parties playing this game?

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drichmnDec. 6, 12 9:55 AM

"No it does not make sense, so why are both parties playing this game?" .... more conservative false equivalence. It's the Republican's that think this is "leverage".

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firefight41Dec. 6, 1210:11 AM

"No it does not make sense, so why are both parties playing this game?" .... more conservative false equivalence. It's the Republican's that think this is "leverage". ************ I love how people enjoy using labels for others. But to respond, it is both parties that are playing the game. Both parties are equally at fault for this mess, and both parties equally at fault when we go over the cliff. You seem not to understand that both parties are self-serving egotistical maniacs.

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norway2010Dec. 6, 1211:38 AM

"Both parties are equally at fault for this mess, and both parties equally at fault when we go over the cliff."---Posted by firefight41...It is you that doesn't understand that the fiscal cliff and the debt ceiling are two different things.

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firefight41Dec. 6, 1211:53 AM

"Both parties are equally at fault for this mess, and both parties equally at fault when we go over the cliff."---Posted by firefight41...It is you that doesn't understand that the fiscal cliff and the debt ceiling are two different things. *********** I understand completely, not sure why you posted this since all I was doing was stating that both parties are to fault for this mess, and that fault covers both the fiscal cliff and the debt ceiling.

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crystalbayDec. 6, 1212:14 PM

Never in US history has any congress used the automatic debt ceiling hike as political leverage to bully its way for concessions. Never, that is, until the cancerous Tea Party infestation. It's unconscionable. Nor has any other congress in history so abused and misused the filibuster to obstruct even minor bills or nominations from filling necessary offices. The damage they've already done (billions to taxpayers from the credit down-grading) is nothing short of treasonous. They lost big time in the Nov election, but they have yet to get the message that they no longer have the power or the mandate to continue thwarting economic recovery and progress. They've greatly marginalized themselves, making the GOP more unpopular than ever before in history. This is a dying party.

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tooty123Dec. 6, 12 2:11 PM

both parties are to fault for this mess, and that fault covers both the fiscal cliff and the debt ceiling.firefight41---I don't remember ANY Dem who was in favor of holding the debt-ceiling hostage unless they we able to get cuts. The Repubs created this "cliff" but now they are again threatening the debt-ceiling. They love to borrow but never pay back. They were the ones hurt by the debt-ceiling debacle and people still remember who held the US economy hostage.

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