Democrats hate tough budget votes — as evidenced by the Senate’s failure to even bring up a budget for so long. And Republicans love tough-sounding votes but often fix the deck so they lose and can score political points without having to live with the results.
That’s why the debt ceiling presents such a quandary: It requires both parties to take a tough vote — and it must pass.
From Politico, here is further analysis. With this and the euro crisis, in the next few weeks (days?) “the world” is going to have to step up to the plate in a big, big way. Stay tuned. If you’re not afraid, you haven’t been paying attention.