[whitedog57]

This is so sad. Any “cap” will be taken off once the Dems have majorities again. Which they will after the Republicans screw up.

[Hoodat]

This is so sad. Any “cap” will be taken off once the Dems have majorities again.

With Obama in the White House, the 'cap' holds no meaning. If the GOP House refuses to raise it, Bernanke will simply 'give' Obama the money out of the Fed. This Administration had already exceeded the debt ceiling in advance of the last time they decided to raise it.