Former U.S. Sen. Alan Simpson said Wednesday he fears politicians on both sides of the contentious fight in Washington over whether to raise the national debt limit are losing sight of the most important question: what's best for the United States — not how they can advance their own political agendas.
Simpson, a Wyoming Republican who served as co-chairman of last year's deficit reduction commission, told The Associated Press in an interview on Wednesday that it's clear the country needs both to increase revenues and cut spending.
"At first I was optimistic that something would work," Simpson said of the talks that have pitted Republicans in Washington against Democrats.
"I'm certainly less optimistic now," Simpson said. "In fact, I fear that they aren't going to get anything done."
Simpson said average Americans will be hurt by rising interest rates and financial instability if Congress and the White House can't reach a deal and the country defaults on its debt payments.
Have always liked the words obsequious and ubitiquous
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