Debt Ceiling Deal: What Would You Do?
For the past several weeks, Congress and the White House have been debating what to do about the nation's debt limit before a projected default on Aug. 2. Attempts by Republican leaders and President Barack Obama to reach a deal to raise the debt ceiling have recently gotten very testy.
Republican lawmakers says a debt limit deal will not be possible without an agreement to cut government spending. Deal suggestions have included cutting defense spending, reforming federal tax codes, raising the Medicare eligibility age and raising taxes on wealthier Americans.
President Obama made an offer to make historic cuts to the federal government and the social safety net, but it was rejected by House Speaker John Boehner -- though the White House has continued to push for a "grand bargain."
Treasury officials at one time debated whether Obama could order continued borrowing by relying on the 14th Amendment of the U.S. Constitution, which states the United States' public debt "shall not be questioned."
Senate Minority Leader Mitch McConnell (R-Ky.) recently suggested giving President Obama the authority to raise the debt limit on his own. The idea has been widely panned by Tea Party Republicans, but remains alive.
So we want to know: What you would to about the debt limit if you were in their shoes? We've collected some choices that have been brought up in the debt debate so far, and added a few that haven't, but maybe should have been. Now you get the chance to decide what you think should get cut, changed, left alone, or increased.
Make your choices between the options given below. Once you vote, you'll be given other scenarios to choose between. If you have an option you think should be added to the debate, click the green button to suggest it. To see which options are getting the most votes, click on "View Results" or go here.