[stephenjohnbanker]

We shall see. I don’t buy it.

1) Obama will spend whatever he wants, and demand more.

2) the cuts will be phony

[ding_dong_daddy_from_dumas]

1) Obama will spend whatever he wants, and demand more.

Obama could raise the debt ceiling, but The House still controls appropriations.

2) the cuts will be phony

You are probably right, but if so he owns all the mischief he does. If the GOP plays into his hands by giving Obama's minion Bernanke an excuse to raise interest rates, the GOP will be co-owner.