Fed Up! Congress Flooded with Debt Debate Calls

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Americans across the country are frustrated as the gridlock over the debt crisis continues in Washington.
    
On Tuesday, the Capitol Hill switchboard was near capacity with a high volume of calls from angry citizens demanding a solution.  Congressional websites also experienced heavy traffic.

"I just want it done and over with," Jane Driesen, an angry citizen, fumed.

The angry feedback was in response to lawmakers failure to reach a deal on raising the nation's debt ceiling after weeks of budget talks.

Should Americans be concerned the debt stalemate will adversely impact their investments? Certified Financial Planner Robin Tull addressed that question and more on the CBN News Channel's Morning News, July 27.

House Speaker John Boehner, R-Ohio, urged lawmakers in both parties Tuesday to support his two-part debt proposal.

"I would ask all of my colleagues, both Democrats and Republicans, to look at this common sense plan, this common sense way forward, that will avoid default and put America's fiscal house back in order," he said.

However, some Democrats have made it clear they have no intention of supporting Boehner's plan.

"Democrats will not vote for it.  It's dead on arrival in the Senate," Senate Majority Leader Harry Reid, D-Nev., declared.

Meanwhile, Boehner is reworking his plan, postponing a House vote until Thursday.

The move comes after the Congressional Budget Office reported the plan doesn't cut as much from the exploding federal deficit as first believed.
 
President Obama has said he doesn't like Boehner's idea because it only raises the debt ceiling until next year. 

"That is no way to run the greatest country on Earth," the president said.

Obama prefers Reid's Senate bill, which would cut $2.7 trillion over the next 10 years in exchange for raising the debt ceiling through 2013.

Others, however, say it's not so much about the debt ceiling as it is about ending the trillions in deficit spending that could one day bankrupt America.

"We know you want to get this done before the next election.  But it's not about the next election.  It's about the next generation," Rep. Jeb Hensarling, R-Texas, said.

"It's sad that we've reached the point that the crisis isn't that we're borrowing 40 cents out of every dollar," Seton Motley, president of Less Government, told CBN News. "The crisis we're told is that we aren't going to give ourselves permission to continue doing so -- that to me is a little absurd."

But some financial and government analysts believe with the stakes as high as they are, it's just a matter of time before both sides come to an agreement.

"I think they'll reach a deal," said Charles Dunn, a distinguished professor of government at Regent University in Virginia Beach, Va.

"The American people want a deal," Dunn added. "The middle governs in America. Americans in the middle want this solved and I think that we'll get it solved."

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Charlene  Aaron

Charlene Aaron

CBN News Reporter

Charlene Aaron serves as a general assignment reporter and helps anchor for the CBN News Channel.  Follow her on Twitter @CharNews and "like" her at Facebook.com/CharleneIsraelCBNNews.