The political reality is the Republicans are not going to get any spending cuts of substance controlling just one House and with a Dem as President.The reality is the best they can do at this point is to stop any new spending Obama and the Dems want to enact and minor cuts. The next best opportunity is 2012 assuming the Republicans can take the Presidency and get control of the Senate.And yes, politics is important insofar as if a failure to raise the debt ceiling is perceived as instigated by the Republicans it will be detrimental to their chances in 2012 to take the Presidency and the Senate.This country cannot afford another 4 years of Obama.
2012 is irrelavent. If we don't stop it now we are dead!
THERE IS NO MORE MONEY. NONE. NADA. ZIP. ZILCH.