A Conservative Spins Out The GOP's Debt Endgame : NPR
As stop-and-start debt ceiling negotiations between President Obama and Republican leaders continue, longtime Capitol Hill conservative Steve Bell predicts that the two sides will strike a "mediocre," no-new-taxes-now deal before Aug. 2.
But he also suggests that his party may pay the price at the ballot box next year for its insistence on protecting tax cuts for the nation's highest earners.
Longtime GOP aide Steve Bell believes a fear of primary challenges is driving politicians to hew to the party line.
Bell, who served many years on the staff of Sen. Pete Domenci (R-NM), including a stint as staff director of the Senate Budget Committee, now heads the Economic Policy Project at the Bipartisan Policy Center in Washington. He also spent a decade as a managing director with the Wall Street investment bank then known as Salomon Brothers.
In an interview with NPR, Bell talked about the economic realities he believes the nation will face if Congress fails to raise the debt ceiling. And he argues that Obama has appeared to be the "adult parent" in the negotiations.