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.”
“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, VABEFORE YOU GO