Relevant:
- Cuts, What Cuts? Deficit Bill Has No Cuts, No Revenue Either, Just Hot Air; "Sugar-Coated Satan Sandwich?"
- Mish's Global Economic Trend Analysis: Only 22% of US Wants to Raise Debt Ceiling, 44% Don't; Senate Minority Leader Proposes Granting Obama Unilateral Power to Raise Ceiling; Gold Reacts
- Long live the debt ceiling -- Spending $1 trillion more than is being taken in -- A breakdown of government spending and revenues
- Guess Which Senator May Be Key on Cliff Talks?
- Treasury Pick Is Obama's Pivotal Choice for New Term
2011-07-13 — rollingstone.com
``The not-so-secret secret is that the White House has given ground on purpose. Just as Republicans want to use the debt ceiling to make the president live with bigger spending cuts than he would otherwise support, Obama's political team wants to use the leverage provided by those cra-a-a-zy Tea Partiers to make Democrats live with bigger spending cuts than they normally would support.''
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