Monday, July 25, 2011

Have Republicans won debt negotiations?

Ezra Klein says so explicitly: Wonkbook: Republicans have won. But can they stop there?
We don't yet know what the final deal to raise the debt ceiling will be. But now that Harry Reid is developing a proposal with $2.7 trillion in cuts and nothing in revenues, it's a safe bet that it won't include any tax increases. Which means that whether Republicans realize it or not, they've won. The question now is whether they can stop.
The AP says that Reid and Boehner are now prepared to move ahead and place this deal, or something very close, on President's Obama's desk. Earlier today the WashTimes reported that Boehner, tired of Obama's never-ending gamesmanship and one-upping, finally told the president, "Congress writes the laws and you get to decide what you want to sign."

It will be interesting to see whether Obama signs a bill on his desk that was supported, however grudgingly, by Congressional and Senate leaders of his own party if it does not include tax increases, which have been Obama's line in the sand from the beginning.

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