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Politics, News & Issues > Political & Economic Theory Which party is most responsible for the lack of compromise in the debt limit crisis?

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The 2011 debt ceiling debacle will long be etched in the mind of not only Americans, but also all the major economic players, as the defining moment in the decline of American economic power in the modern world. This crisis has engulfed the press casting doubt on the full faith and credit of the United states to live up to it's word and honor it's financial commitments. Regardless of whether they are right or wrong in their ambitions to change the way America controls it's budget, it should never have come to this! So, out of the two congressional parties...

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