July 11th, 2011
11:51 PM ET

Raw Politics: Dems, GOP search for debt ceiling deal

Editor's note: CNN's Anderson Cooper and Gloria Borger speak with David Walker about the politics of raising the debt ceiling.

Related: Obama rejects short-term debt deal, urges compromise

Related on CNNMoney.com: Doh! A bad time for spending cuts?

Filed under: Raw Politics
soundoff (5 Responses)
  1. JD

    Well I guess you cant print this but I feel like converting at least some of my bank account into currency as I have had it with the politicking and gaming of confidence in America's economy and financial stability. I have had all I can take of this. Seems some folks believe they are elected to play games and keep their "mind"set on re-election rather than that they have been elected in a trust to take care of America and its citizens.

    July 12, 2011 at 6:19 pm |
  2. Joseph

    How can you give a socialistic treatment to the banks and a capitalistic burden on the people it doesn't make any sense. If the bank are getting help and they don't invest within the country borders you must somehow help people have buying power.

    July 12, 2011 at 3:03 pm |
  3. Nancy

    Isn't the real reason GOP politicians won't budge in raising revenues from the ultra wealthy and big corporations tied directly to the January 2010 ruling by the Supreme Court which banned limits on corporate campaign contributions? Politicians are looking into the looming election cycle and how to line the GOP campaign coffers, not how to fix the deficit. Government scale Enron. Yuk.

    July 12, 2011 at 12:47 pm |
  4. Pamela

    National security is directly impacted by our world economic strength, and the US dollar as the world’s reserve currency has been on shaky ground for a while. A year ago Adm. Michael Mullen, Chairman of the Joint Chiefs of Staff, was quoted by CNN as saying "The most significant threat to our national security is our debt," yet this factor has not been well addressed by the media coverage in 2011. Why is there little mention of this in the debt ceiling discussion?

    July 12, 2011 at 11:52 am |
  5. Cheryl

    I think the argument about the rich needing to keep their money to create jobs is another fairytale like trickle-down economics. The wealth was supposed to trickle down from the top, according to theory, but in practice I think most of it stayed firmly at the top. Likewise, the job creation argument is just another ploy by the Republican party to help their wealthy supporters keep all of their lovely money. I hope President Obama holds firm.

    July 12, 2011 at 12:20 am |