From CREDO Action:
The deadline to raise the debt ceiling is just over a month away, and things are not looking good.
Republicans recently broke off talks with Vice President Biden over the White House's proposal to raise $400 billion in revenue by eliminating tax breaks for wealthy individuals and corporations.
That proposal represented no more than one dollar in revenue increases for every five dollars in cuts, but even that was a bridge too far for Republicans.
And let's remember, while the Republicans won't even agree to a minimal amount of tax increases, they are willing (in fact eager) to put extremely popular and important programs like Medicare, Medicaid and Social Security on the chopping block.
These negotiations are a farce and it's time for President Obama to cut bait and stop trying to negotiate with Republican extremists.
We need President Obama to call the Republicans' bluff on the debt ceiling.
You can read more about this issue and easily take action by clicking HERE.
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