"Republicans are insisting they will note vote to raise the debt limit without major spending cuts; Democrats are refusing to sign off on cuts of such magnitude without at least some tax increases as well. Republicans say they won't sign off on any tax hikes at all, including those Obama wants targeting the wealthiest Americans or closing loopholes to corporations."
Washington really needs to go through FPU. If you don't have the money, you cannot spend it! Raising taxes on Americans should not be the equivalent of asking for a credit limit increase. Washington needs to make a prioritized budget, and if the program falls below the line of where the money runs out, then that program doesn't get funded. If you need more money to fund more programs, you need to find the individual equivalent of finding a part time job! Hiking taxes on Americans is not the part time job income generator.
Good job, Democrats, you refuse to grow up and realize that you cannot stretch the dollar any further than it will actually go. If you cannot afford it, you cannot buy it. Quit throwing a temper-tantrum and demanding a "raise" (read: increased debt ceiling) just so you can continue to give deadbeats a frikkin handout.
Republicans, you aren't much better. Have you no backbone? "Oh, well, if cuts are agreed upon by the dems, then we'll vote to increase the debt limit." Um, no....no increased debt limit is needed. If cuts are made, then no increase will be necessary. SIMPLE CUTS are needed to balance the budget. Period. No tax increase, no increased debt.