Irreconcilable differences, as the Democrats keep lobbying for tax hikes to pay for their irresponsible spending spree.
Senate Minority Whip Jon Kyl, R-Ariz., will also drop out of the debt talks, a source within his office confirms today. The Arizona Republican’s office will issue a formal statement shortly.
After House Majority Leader Eric Cantor (R-VA) dropped out of the talks this morning, Senator Kyl was the lone Republican in the group left. And with his withdrawal late this morning, the group does not have a Republican negotiator left in the room.
Having spent the nation into unsustainable debt, the Democrats are evidently resisting rolling any of that spending back in any meaningful way, while they are dead set that you and I pay for it all through tax hikes — hikes which will end up slowing the economy down even more.