Chamber, GOP Butt Heads on Debt Ceiling

Politicians supported by the group in 2010 are at odds with the organization's debt-limit stance

July 5, 2011 RSS Feed Print

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Whether fallout from the debt ceiling fight brings about further economic troubles--be it from a reduced U.S. credit rating abroad or spiraling deficits--remains to be seen. But the debate appears to have uncovered a fissure between some Republicans and one of the party's key backers. "In this situation, I think there might be some buyers' remorse from people who funded the ads against all the Democrats [in 2010]," says Democratic strategist Tom King. So when a deal is finally struck and the votes are tallied, the yeas and nays may prove consequential when the U.S. Chamber of Commerce evaluates which candidates to support as Election Day 2012 approaches.

Tags:: Congress,; Rick Berg,; Tim Pawlenty,; House of Representatives,; Republican Party,; deficit and national debt,; Senate,; Newt Gingrich,; Democratic Party,; Mitt Romney

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The President does not authorize spending, Congress does that. They have done it with abandon in the past and now want to reneg on their constitutional obligation (14th amendment) to pay their previously authorized debts.

Chuck Roast of LA 4:08PM July 14, 2011

Stand Strong Republicans!!
This reckless spending, much of it on unconstitutional Wars, has been running off the leash for far too long.
Stick to your guns O my Brothers of Truth and Liberty.
Balanced Budget Ammendment. At least for the next 10 years.

Xavier Spade of NC 5:25PM July 13, 2011

It is illegal for any country to not pay its' creditors. So why are Republicans threatening the credit standing of the country? They think they have no other choice. There is no other maneuver that they can attempt to bring Democrats to the bargaining table.
It is serving a useful end, but Republicans will pay the price---not only as Americans finally realize that it would be illegal not to pay the debt, but that it would even be a very expensive evasion and could only be a temporary tactic.
Both parties are responsible for the debt, and if they were not so corrupted by lobbyists, and their funding of elections, it would have been stopped before it got to this point.

Leonel of TX 11:02PM July 11, 2011

Chamber, GOP Butt Heads on Debt Ceiling

Politicians supported by the group in 2010 are at odds with the organization's debt-limit stance

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Chamber, GOP Butt Heads on Debt Ceiling

Politicians supported by the group in 2010 are at odds with the organization's debt-limit stance

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