Clouds move as the sun sets against the west front of the United States Capitol building.
Clouds move as the sun sets against the west front of the United States Capitol building. - 
Listen To The Story

New York Democratic Rep. Jerrold Nadler has introduced a bill to get rid of the debt ceiling. It’s called the 'Full Faith and Credit Act.'

Just make it go away.

(Which does seem almost too easy.)

When it comes to debt ceiling negations, Congressman Nadler likens Republicans in the House to “a 1930s gangster movie -- that’s a nice economy you got there. Pity if it should blow up.”

He says Democrats, while not willing to discuss cuts to social security, would be willing to negotiate cuts to Medicare. Provided, of course, those cuts aren’t in Medicare benefits. But Rep. Nadler says Republicans have “weaponized” the debate around the debt ceiling and “we should not be prepared to negotiate at the point of a gun.”

He acknowledges the debt limit debates reflect poorly on Congress. “Only one party is being really irresponsible here and it takes two to tango.”

At the end of the day, Rep. Nadler hopes President Obama will either reconsider the trillion-dollar coin (#MintTheCoin) or invoke the 14th Amendment.

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow Kai Ryssdal at @kairyssdal