7/28/11

There will be no budget deal. The debt ceiling will be raised.

Boehner Sees Passage of Debt Plan - Reid Vows to Kill It - NYTimes.com: "WASHINGTON — The House and Senate headed for a pivotal showdown on Thursday evening over how to cut spending and increase the debt limit before the federal government loses its ability to borrow."

I think this has been the answer all along. The plans on all sides are posturing. The answer lies in a final one page bill. If the GOP kill the simple Debt Ceiling bill they die. If it passes all this brouhaha has created the context for 2012 and convinced the world that we are aware of the debt problem.

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