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Politics And The Debt Ceiling46:47
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The clock is ticking down. We look at the state of play in the debt negotiations -–the horse-trading, the hard compromises --or maybe the deadlock--in Washington. Will we get a deal? What does the country need?

(Alex Kingsbury/photo illustration from AP images)
(Alex Kingsbury/photo illustration from AP images)

No summer recess today for the U.S. Senate. School is not out.

The whole country is bearing down on that famous August 2nd moment when, we’re told, the United States hits its sky-high debt ceiling and cannot make good on its full faith and credit obligations to the world.

Uncle Sam as bum. The whole U.S. economy, the global economy maybe, in the balance.

Now, that is leverage. And it’s being used. Trillions in cuts on the table. Billions in tax hikes. Iconic federal programs under the axe. So who blinks? Or do we crash?

This hour On Point: top voices in the debt ceiling debate.

-Tom Ashbrook


Guests:

Jim Jordan, Republican Congressman representing Ohio’s 4th District, chairman of the Republican Study Committee. Chairman of the House Subcommittee on Regulatory Affairs, Stimulus Oversight and Government Spending.

James Clyburn, Democratic Congressman representing South Carolina’s 6th Congressional District. He is in the leadership liaison to the Appropriations Committee and one of the Democratic Caucus' primary liaisons to the White House.

Mark McKinnon, Republican political strategist and President of Maverick Media. He worked as media advisor to former President George W. Bush and for 2008 Republican presidential candidate Senator John McCain. He is co-founder of No Labels, a non-profit political organization made up of Republicans, Democrats, and Independents whose slogan is “Not left. Not right. Forward.”

Paul Begala, Democratic political consultant and Political commentator on CNN. He was an adviser to President Bill Clinton and chief strategist for the 1992 Clinton-Gore campaign. He is a research professor at Georgetown University’s Public Policy Institute and teaches at the University of Georgia School of Law.

Gail Chaddock, a staff writer for the Christian Science Monitor.

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This program aired on July 5, 2011.

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