The Coming Debt Ceiling Compromise

Reporting on Politics and Policy.
Nov. 8 2010 5:25 PM

The Coming Debt Ceiling Compromise

One of the issues that Tea Partiers expect their new Congress to hold the line on -- I mentioned this last week -- is the raising of the debt ceiling. They don't want it raised. End of discussion.

Republicans don't want it raised either. But let's start the discussion! Tom Coburn:

David Weigel David Weigel

David Weigel is a reporter for Bloomberg Politics


If Republicans vote to raise the debt without insisting on spending cuts , whatever credibility we may have will be gone.

I won’t [vote for it]. Not-- not unless this debt ceiling is combined with some path to balancing our budget . Returning to 2008 spending levels. Repealing Obamacare.

John Boehner:

Increasing the debt limit allows our government to meet its obligations. And I think that there are multiple options for how you deal with it.

A "path to balancing the budget" can be anything! The groundwork is being laid here for a vote to raise the ceiling that promises massive cuts in the future, which really isn't what the base wants. The GOP's goal is to avoid the appearances of the TARP surrender of 2008, when free market Republicans agreed to betray their principles just this once to save the economy.

David Weigel is a reporter for Bloomberg Politics



The Democrats’ War at Home

How can the president’s party defend itself from the president’s foreign policy blunders?

Congress’ Public Shaming of the Secret Service Was Political Grandstanding at Its Best

Michigan’s Tradition of Football “Toughness” Needs to Go—Starting With Coach Hoke

A Plentiful, Renewable Resource That America Keeps Overlooking

Animal manure.

Windows 8 Was So Bad That Microsoft Will Skip Straight to Windows 10


Cringing. Ducking. Mumbling.

How GOP candidates react whenever someone brings up reproductive rights or gay marriage.

Building a Better Workplace

You Deserve a Pre-cation

The smartest job perk you’ve never heard of.

Hasbro Is Cracking Down on Scrabble Players Who Turn Its Official Word List Into Popular Apps

Florida State’s New President Is Underqualified and Mistrusted. He Just Might Save the University.

  News & Politics
Sept. 30 2014 9:33 PM Political Theater With a Purpose Darrell Issa’s public shaming of the head of the Secret Service was congressional grandstanding at its best.
Oct. 1 2014 8:34 AM Going Private To undertake a massively ambitious energy project, you don’t need the government anymore.
Sept. 30 2014 7:35 PM Who Owns Scrabble’s Word List? Hasbro says the list of playable words belongs to the company. Players beg to differ.
  Double X
The XX Factor
Sept. 30 2014 12:34 PM Parents, Get Your Teenage Daughters the IUD
  Slate Plus
Behind the Scenes
Sept. 30 2014 3:21 PM Meet Jordan Weissmann Five questions with Slate’s senior business and economics correspondent.
Brow Beat
Oct. 1 2014 8:46 AM The Vintage eBay Find I Wore to My Sentencing
Future Tense
Sept. 30 2014 7:00 PM There’s Going to Be a Live-Action Tetris Movie for Some Reason
  Health & Science
Bad Astronomy
Oct. 1 2014 7:30 AM Say Hello to Our Quasi-Moon, 2014 OL339
Sports Nut
Sept. 30 2014 5:54 PM Goodbye, Tough Guy It’s time for Michigan to fire its toughness-obsessed coach, Brady Hoke.