I am forced to agree with this:

I thought that by ruling out any way to bypass the debt limit, the White House was setting itself up, at least potentially, for an ignominious cave-in. But it appears that the strategy has worked, and it’s the Republicans giving up. I’m happy to concede that the president and team called this one right.

And it’s a big deal. Yes, the GOP could come back on the debt ceiling, but that seems unlikely. It could try to make a big deal of the sequester, but that’s a lot more like the fiscal cliff than it is like the debt ceiling: not good, but not potentially catastrophic, and therefore poor terrain for the “we’re crazier than you are” strategy. And while Republicans could shut down the government, my guess is that Democrats would actually be gleeful at that prospect: the PR would be overwhelmingly favorable for Obama, and again, not much risk of blowing up the world.

Good news for sure. Is it just me, or is something giving way a bit in the GOP? The debt ceiling, the Hastert Rule. Seems like some core of Republicans must be realizing the toll taken by obstructionism and insanity, and is acting on it just a little bit. We’ll see if it lasts, but it’s encouraging.

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  1. Metavirus says:

    fingers crossed. i’ve been sensing a bit of GOP crumbling in the force. but i’ve sensed that before…

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