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BEGIN TRANSCRIPT RUSH: Man, the spin that is going on out there today is unbelievable. It's impossible to keep up with it. On the one hand, the left is supposedly ticked off at Obama because he got rolled in the debt deal, and they're fed up. A lot of leftist blogs and websites that I've looked at think Obama gave away the store. And then on the other side of the table you got people thinking the Tea Party were big winners in this debt deal. Others think the Tea Party got rolled, are losers. I've been trying to keep...

Very clever video-

I’ve been seeing and hearing too many Tea Party members claiming that the debt deal is a win for the Tea Party. Be careful, the MSM is where this claim began and they are using it because they foresee a need to place blame in the not too distant future. The claim that the Tea Party won the debt debate is a talking point from the progressives. If you are claiming victory now, then you are also taking ownership of the future blame.

The president is the most visible symbol of what voters see as a badly dysfunctional government. Some Democrats say he could have negotiated better. Reporting from Washington— Though he succeeded in staving off a historic default, President Obama emerges from the debt talks in a weakened political position with limited influence over a divided Congress. The protracted debate over the federal debt ceiling came to an official end Tuesday as the Senate by a 74-26 vote approved the compromise bill hammered out over the weekend. Obama signed it hours later. Administration officials concede the debate gave the public a look...

RELATED ARTICLES * US debt crisis: A lodown on the compromise reached * US debt crisis strains banks, threatens consumers * US debt deal or not, weak economy likely to suffer * Is US default deadline truly August 2? Analysts say no * United States gets closer to losing its AAA rating WASHINGTON: The US Treasury said Monday that it will step up borrowing after the debt ceiling is raised, expected this week if a highly contentious legislation crafted over the weekend clears Congress. In its quarterly funding plans, the Treasury said it expected to issue $331 billion in net...

The almost unanimous opposition by Republican presidential contenders to Washington's bipartisan debt limit deal reflects the pull of conservative — and particularly "tea party" — voters as the 2012 nominating contests near. Mitt Romney, the early national front-runner, on Monday broke weeks of evasion on the topic by rejecting the agreement his party's leaders in Congress struck with President Obama and the Democrats. In a brief statement, the former Massachusetts governor said he "personally cannot support this deal" because it leaves open the possibility of future tax increases or further defense cuts. Republican strategists said Romney's opposition reflected the political...

Even if Congress approves a deal to raise the federal government's debt ceiling, the U.S. could still lose its coveted AAA debt rating sometime in the next six months, largely because the proposed agreement does not cut enough spending. The three main ratings agencies declined to comment Monday on the prospect of future downgrades. But the agencies, along with economists and analysts, have signaled that doubts about the nation's debt will persist. Moody's Investors Services has said it will probably rate the U.S. debt as AAA for now but with a negative outlook — a rating that indicates a possible...

The "limited magnitude" of both debt plans put forward by congressional leaders would not put the nation's AAA credit rating back on solid footing, Moody's Investors Service announced Friday. "Reductions of the magnitude now being proposed, if adopted, would likely lead Moody's to adopt a negative outlook on the AAA rating," the credit rating agency said in a new report. "The chances of a significant improvement in the long-term credit profile of the government coming from deficit reductions of the magnitude proposed in either plan are not high." It added that "prolonged debt ceiling deliberations" have increased the odds of...

So my question to Pelosi was simple, “[H]ow confident are you that Speaker Boehner will be able to corral the votes to actually lift the debt ceiling? Her response left an indelible impression that became a blog post headlined “Pelosi not sure Boehner has votes to raise debt ceiling.” I reprise most of the March 17 piece below. As you will see, the veteran vote-counter and power player saw last night’s train wreck coming a mile away. Discussing this week’s passage of a new continuing resolution, Pelosi observed that, in the vote, freshmen Tea Party Republicans were more interested in...

We're in the midst of a great four-year national debate on the size and reach of government, the future of the welfare state, indeed, the nature of the social contract between citizen and state. The distinctive visions of the two parties — social-democratic vs. limited-government — have underlain every debate on every issue since Barack Obama's inauguration: the stimulus, the auto bailouts, health care reform, financial regulation, deficit spending. Everything. The debt ceiling is but the latest focus of this fundamental divide. The sausage-making may be unsightly, but the problem isn't that Washington is broken, that ridiculous cliche. The problem...