Wednesday, February 02, 2011

Crisis Exploitation

That Denninger kook notes that the Republicans have Obama over a barrel and they would be fools not to exploit the situation. Every indication though is that the Republicans will sell their opposition (if it can be called that) to increasing the debt ceiling for some very, very modest cuts, which will no doubt be budgetary slight of hand, and not cuts at all.

In my mind, at least, the Republicans should have set out front and center that a bill to increase the debt ceiling wasn't ever going to be brought up for a vote, but if they are going to bring it up I'm hoping that hotter heads prevail and give Obama a true taste of not letting a 'crisis go to waste'.

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