The New York Times: Reports Speaker Boehner, the Republican leader of the House has released a letter from leading economists stating that any debt ceiling raise has to be matched by higher cuts from the Administration. The NO vote in the House yesterday for a raise in the debt ceiling without any cuts shows that on this issue it’s the Republicans that just might have the upper hand, POTUS needs the ceiling raised or the US cant borrow any more, any spending would require cuts, thus Obama will have to find cuts that keep Republicans happy but without making his liberal base gone through the roof, interesting challenge for a Nobel Prize Winner, oh yes he didn’t win it for economics did he, what did he WIN for by the way!
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