Senate GOP mulls new debt strategy

[Bull Moose Base]

Rumor is it's going to be the McConnell-Reid variation.  McConnell's proposal was a clean ceiling lift.  Sounds like Reid intervened and threw $1.5 trillion in spending cuts into the mix.  I predict the public will quickly forget the whole game of chicken happened, though they might feel the effects of 1.5 trillion starting to get sucked out of the economy.  McConnell has of course been pretty transparent that he wants people to hurt so long as they blame it on Obama.  Not that his revealing that makes it more likely they won't do so.  The D base will be frustrated by the lack of revenue but Obama will appease them by calling for more as we head deeper into election season.  The GOP has the tougher political position of no new taxes for anyone but will continue to try to block any bills to reduce unemployment so they can run on that.

[Bull Moose Base]

Boehner's going to need a lot of Dems for that to pass the house.

And I have a hard time believing he'd pull the trigger on default if it came down to it.  I think Democrats should at this point be counting Tea Party types out and saying we want a clean lift and we know you'll sign off on it.  But all signs are Obama doesn't want that.