Debt Ceiling Showdown: GOP Pledges To Extract Cuts From Obama Here we go again. Never mind how it will harm the country because THAT is what the R wants. They actually plan to (partially?) shut down the government even though it would have world-wide consequences. The Rs want it both ways - no increase in taxes AND cut spending. We now have some taxes raised and its time to cut spending. But, that has nothing to do with PAST spending which is what the debt ceiling is. The Rs won't stop until our country is in ruins.