Unfortunately, Step 3 will not happen, even if Steps 1 and 2 do.
Here's what will happen:
3. Obama will blame the House Republicans for refusing to "compromise" (that is, for not giving in to Obama's every whim).
More blame will be heaped upon "greedy" millionaires who refuse to pay their "fair share" (which will be whatever percentage Obama says is fair).
The MSM will go along with Obama. Most Americans will believe whatever the MSM tells them.
the military will need to find some way to support itself ~ maybe some freebooting ~ that's a real old fashioned way to get the money to move your aircraft carriers but think about it, who will argue with a boatload of nukes!