“The GOP will cave...”
No they won’t. The dems have all the power, EXCEPT FOR THE DEBT CEILING.
Refusing to cave on the fiscal cliff means massive tax increases for everyone which is against all that republicans believe.
Refusing to cave on the debt ceiling means massive spending cuts for everything which is against all that democrats believe.
Fiscal cliff = advantage democrats
Debt ceiling = advantage republicans.
The presidency is a powerful office in the US. When the democrats held congress and the repubs the presidency, The debt ceiling has traditionally been used to attach all kinds of stuff to it providing a congressional check on presidential power. The repubs must hold on to it to do the same.
This is also why Obama is adamant about the repubs giving it up. It is why the repubs ABSOLUTELY CAN NOT GIVE THIS UP.
Prepare yourself for a rude awakening.
Republicans (the people) are not in control the GOPe is, and their agenda is not the same as yours.
I think we will all soon be made aware of the scam that has been pulled on the people.
The Speaker did not come out and say that the President has no power to raise the debt but that power lies with the House and the House alone. He should have but he didn't that means something.
This may be a throwaway "concession" for Obama, so he loses nothing.