When you have a Republican House but a Democrat Senate and a Democrat president, I understand that a compromise may be the best you can get. And wouldn't raising the debt ceiling, temporarily, and just enough so as to avoid default--IF you can get with that NO increase in taxes ("revenues" in Obamaspeak) and REAL cuts in spending--would that not be an acceptable compromise? I could live with that. But to give in on tax increases and to not really cut spending--then I would call that a Republican cave-in. We'll see what happens.
Actually it sounds like a good deal just for the howls it will engender on the far left.
And if we get real CUTS then it is amazing that we have convinced a far-left radical liberal President to do so... I really don't have much complaint.
The problem is not increase in taxes. That is just another way to slow the economy further and reduce revenues further. The problem is the spending power. It has to be cut off. The ceiling has to be reached and no way around it be found. Raising the debt ceiling puts off the necessity of doing something about entitlements. That is the most important thing to the mugabe. Enacted spending cuts as part of any deal are nothing at all. They will be ignored and exceeded very quickly as these teapartiers morph into Washington pols. And they WILL morph into Washington pols. We have to get that ceiling rock solid and it has to be reached so that the administration has to make real cuts, not just the ephemeral pretend cuts of a deal.