DeMint: Don't Raise the Debt Ceiling

Showdown:

Sen. Jim DeMint, R-S.C., a leader of the conservative, tea-party-backed wing of the Republican Party says his GOP colleagues in Congress should stand firm to avoid an increase in the debt ceiling. He’s ready for a major fight with President Barack Obama and congressional Democrats, The Hill reports.

“I think we should resist that [raising the debt ceiling],” DeMint says in an interview with conservative magazine Human Events. “We need to have a showdown, at this point, that we're not going to increase our debt ceiling anymore. We are going to cut things necessary to stay within the current levels, which is over $14 trillion. So this needs to be a big showdown."

Congressional Republicans are in the midst of sorting out their views as to how they will deal with the issue.

I don't think DeMint will prevail on this one. Although there are plenty of congressmen who want to cut spending, I'm not sure there's enough time to put something together that could be passed into law before the government runs out of other people's money.