As I'm writing this, Boehner is said to be walking away from the White House's offer to give them the moon and the congress is going to try to hammer out a deal over the week-end. The deadline really is looming now.
If the President had offered nothing and held out for a clean bill, would we be closer to default than we are right now?
Update I: Keep in mind that everyone's posturing in public right now, trying to get their people on board for something. I wouldn't assume anything. For all we know, both Boehner and the President have agreed to a clean vote with a pinky swear to get back to work on that dratted debt the day after and Nancy and John are planning a full week-end of kabuki to show their troops that they fought until very end. With the president saying his bottom line is raising the debt ceiling, it could be that the GOP "reluctantly" agrees to Pelosi's plan for 2.4 without any cuts.
Or maybe the Republicans really are going to go over the cliff. It ain't over 'til it's over.
Update II: I will agree with one thing. Now that cuts to the "entitlements" have been put on the table by the President, it is out there and there is probably no going back. The good news is that once that's finally settled in the next negotiation (oh, Jesus) we'll be able to start winning the future so it's not like it's going to be a total loss.
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