Too many Republican lawmakers apparently don’t see the firm resolve President Obama is prepared to display on the issue of the federal debt ceiling.


Ezra Klein EXPLAINS:


Republicans have convinced themselves that they’ll have the upper hand if they let the country topple fully or mostly over the cliff and then restart negotiations with a debt default looming in the background. They figure that although Obama really is willing to let the country go over the cliff, he’s not willing to let the country default and spark a global financial crisis. They are willing to do that, or they believe they ...

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Too many Republican lawmakers apparently don’t see the firm resolve President Obama is prepared to display on the issue of the federal debt ceiling.

Ezra Klein EXPLAINS:

Republicans have convinced themselves that they’ll have the upper hand if they let the country topple fully or mostly over the cliff and then restart negotiations with a debt default looming in the background. They figure that although Obama really is willing to let the country go over the cliff, he’s not willing to let the country default and spark a global financial crisis. They are willing to do that, or they believe they ...

Read more