Also, via Hot Air:
Former CBO chief Douglas Holtz-Eakin weeps for America:The media will blame Republicans even though the Dems, including Obama, have no plan whatsoever.Let’s start with the House Democrats who are content to make a political statement and sit on their hands. That means that the Boehner plan must pass with only Republican votes and Democrats don’t care if financial markets melt down tomorrow morning (they will). Defeat for America as they seek their political agenda…
And finally, let’s discuss the House Republicans who are standing on the brink of sending to the Senate — who will pass it — and the president — who will sign it — a piece of legislation that is consistent with their principles, if not perfect. Instead of simply voting yes, they have formed a variety of unproductive coalitions: the Coalition of the Willfully Ignorant (who claim you don’t need a debt-ceiling increase or that markets won’t care and their will be no fallout) and the Coalition of It’s Someone Else’s Problem (because I just want to have an issue and campaign). Result: They suffer a political loss and America loses.
UPDATE: Rush Limbaugh - If They Pass The Boehner Bill We Institutionalize The National Debt
Instead of raising the debt ceiling, can't the feds just take a nickel from every dollar that is outgoing from the federal coffers? A dime? The end beneficiaries might then know how dreadfully the feds are managing their checkbook.