Congress hears outcry from business lobby on debt ceiling and deficit

[struggle4progress]

By Jia Lynn Yang and Dan Eggen, Published: July 12

A sprawling coalition of Wall Street and Main Street business leaders sent an unmistakable message to lawmakers Tuesday: Enough squabbling. Get the debt ceiling raised.

The message, sent in a letter to President Obama and every member of Congress, puts pressure on GOP lawmakers, who have staked out an uncompromising stance against raising taxes in the partisan wrangling over the country’s borrowing limit.

Republicans rely heavily on corporations for political support and have regularly cited the opinions of these “job creators” in their opposition to new tax revenue. Many of the House GOP freshmen most opposed to a compromise were swept into office with the help of financial support from groups behind the letter ...

http://www.washingtonpost.com/business/congress-hears-outcry-from-business-lobby-on-debt-ceiling-and-deficit/2011/07/12/gIQAiVGpAI_story.html

[jwirr]

1. Which goes a long way to explain why one minute they are demanding

cuts and the next they are caving.