The GOP blinks on the debt ceiling. First up, Lindsey Graham:
Our problem is we made a big deal about this for three months,” said Graham of the debt limit debate, according to Politico. “How many Republicans have been on TV saying, ‘I’m not going to raise the debt limit’? You know, Mitch [McConnell] says, ‘I’m not going to raise the debt limit unless we talk about Medicare.’ And I’ve said I’m not going to raise the debt limit until we do something about spending and entitlements.'”
“Maybe the debt ceiling was the wrong place to pick a fight, as it related to trying to get our country’s house in order,” Sen. Bob Corker (R-Tenn.) said Thursday. “Maybe that was the wrong place to do it.”
Even the goddamn Tea Party is backing off. Admittedly it’s in the middle of a boatload of Obama-bashing (the dumb bastard even mentions Bill Effing Ayers).
All this is by way of background to suggest that the debt ceiling will be increased because there is no alternative.
They know they screwed up. They fought the wrong fight, and now it’s time to fire up the Backpedal Alarm because we’re gonna be seeing a lot of it before it all goes down.