There is still a slim chance that this summer's debt ceiling debate won't end with demagoguery's winning the day. That's an unusual development, yes, and something to be thankful for, however fleeting the interruption.
Remember that the president's last tangible stab at a "responsible choice" was a budget that would have added $9 trillion of debt over the next 10 years. This was months before he realized the debt ceiling debate and "economic Armageddon" could bring about political opportunity.
Obama and his friends have seriously miscalculated the public’s desire to have federal government intrude into their life. And the GOP will miscalculate if they think that the type of deal they cut in the spring to raise the debt limit will satisfy the base this time around.
The President insists on tax increases, and the Republicans insist on no tax increases. The House Majority Leader insists on cuts greater than any debt ceiling increase, and the House Minority Leader insists on no entitlement changes.
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