New Debt Ceiling Part of Tax Talks

[alp227]

Source: The Wall Street Journal

WASHINGTON—An increase to the federal government's borrowing limit is being considered in talks on extending the Bush-era tax cuts, people familiar with the situation said Friday. They warned, however, that the issue could be too politically toxic to be part of a final deal.

Several congressional aides said a debt ceiling increase was discussed in the ongoing talks between Obama administration senior officials and congressional Democrats and Republicans on how to extend the tax cuts.

The agreement would likely see all the Bush era tax cuts extended for perhaps two years; details of the extension are under negotiation.

Read more: http://online.wsj.com/article/SB10001424052748703989004575652693474628052.html

[Lorien]

1. We can't afford unemployment benefits, but we can borrow to pay for tax cuts for the

rich.

:eyes: :banghead:

[OhioBlue]

2. too politically toxic???

To the Republican - did you all fail Math? If they want the tax cuts for the rich extended it will add to the deficit.

I realize the debt ceiling would need to be raised with or without the extensions... but what in the hell is the Republican plan B?

[RandySF]

3. Is THIS a "bargaining tool?"

Everyone in DC knows that it has to be increased no matter what!!! Whoever is patting himself on the back for thinking they got something good out of this deal should be fired.

[glinda]

4. They are so way out of touch with reality.

[David__77]

5. This is so fucking ridiculous.

This is not incompetence we are seeing: it is a systematic program to strip away the last remnants of the New Deal. As they say, only Nixon could go to China...

[Ozymanithrax]

6. Looks like they want to get this done before the T-P Party crowed arrives...

and filibusters raising the debt ceiling as has been threatened.

[neverforget]

7. lesson: take hostages and ask for ransom because it works.

[RUMMYisFROSTED]

8. Make the new House do it.

This is beyond stupid. We're being sold out. This is criminal political negligence.

[sarcasmo]

9. This country is beyond gone. Rule by the elite to control the sheep.