Legal Commentary

The Deal: Door Number 3

By Big Tent Democrat

Jed Lewison writes:

Boehner is doing his best to pretend that he has a strong hand, but let's not forget, if he were to actually carry out his threat and block an increase in the debt limit, the United States would go into default on its debt. [. . .] So unless Boehner's absolutely insane, he's running a complete bluff. [. . .] If Boehner ultimately goes along with a hike in the debt limit without securing the spending cuts that he promised to the tea party, teahadists will be furious. On the other hand, if Boehner decides to block the debt limit increase, sending the United States into default and shutting down the federal government, the rest of the country will be even angrier.

Behind Door Number 3 lies the 3rd Hand that apparently Lewison does not think possible - President Obama capitulates to GOP demands to cut spending.

Me, I'll take Door Number 3 as the most likely outcome.

Speaking for me only

Full post as published by TalkLeft on January 06, 2011 (boomark / email).