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American Prospects

Between a Republican and a Hard Place

December 13, 2012

President Obama has insisted that a long-term solution to the nation's borrowing limit be included in a deal to avert the automatic spending cuts and tax hikes that will come January 1 if the president and Congress don't reach an agreement. But Republicans have clung to the debt limit as their sole leverage in the negotiations. "The debt limit ought to be used to bring fiscal sanity to Washington, DC," John Boehner said at a press briefing on Thursday.

There are a number of points on which Obama needs to stand firm during the fiscal-cliff negotiations

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