The McConnell "backup" doesn't even reach 2 trillion and was panned by Moodys.
This better be a decent deal. It won't be "great" because it hasn't the "teeth" of a Balanced Budget Amendment and no "10 year deal" has any meaning since one congress can't require the next to spend at certain levels going forward.
Cuts need to be made now and they better be over $100 billion like "Cut, Cap & Balance."
No matter what happens, Obama will spin it as a victory for himself and blame Republicans for anything that goes wrong.
There WILL BE immediate FY 12 spending cuts like CCB for FY 12, otherwise the package won’t pass the House and won’t avoid a credit downgrade.
Boehner hasn’t caved to date. He knows his speakership is on the line with his own caucus. The problem is Reid and Schumer; and whether a few Senate moderate RATS will come to their senses - those terrified about Nov 2012.
Boehner has given BO the finger publicly - made him a hollow, empty suit over the last 48 hours. This is unprecedented, and Boehner deserves our appreciation, not criticism. I am not saying that we need to remain vigilant, but Boehner hasn’t caved yet.
If you want immediate cuts, you should be calling your reps and Senators - especially the RATS - to support Boehner.