Today, a coalition of conservative lawmakers and groups will raise the stakes in what many call a dangerous game of chicken over the nation's debt ceiling. They'll sign a pledge opposing any bump in the government's spending limits unless three conditions – which include spending cuts – are met.
One of those lawmakers is Sen. Jim Demint from South Carolina, also a co-founder of the Senate Tea Party Caucus. On American Morning this morning, he explains why he's agreeing to this pledge, and why the budget debate is a 'deadly serious' one.