Former Delaware Senator Ted Kaufman joined the U.S. Senate just as the government was dealing with the aftermath of the 2008 banking crisis.
Kaufman tells the Fox Business Network he’s very concerned. He is not optimistic when there are polls out that show 58% of the nation says the debt limit shouldn’t be raised. He says it is even worse when 37% of those people don’t think it should be raised if the alternative is an economic crisis.
He points out that it is a representative democracy, so for that reason legislators do and should pay attention to what people are saying. Kaufman does think it is the right thing to do for President Obama to get involved in direct negotiations.
But he questions how both sides can agree when republicans won’t allow a discussion on tax increases as a way to raise revenue and democrats are calling cuts draconian.