[GeronL]

McConnell argues the benefits of the plan as a defense of Republicans against getting saddled with blame for economic damage done during a potential default

But getting saddled with the blame for abject capitulation in the face of a win-win situation is okay?

[Siena Dreaming]

But getting saddled with the blame for abject capitulation

Not exactly abject capitulation.

The plan calls for Obama to approach Congress with spending cuts.

Obama has been totally unwilling to do this in the current behind-closed-door process. Now the WHITE HOUSE must INITIATE cuts BEFORE coming to Congress.

I see some value here.