Prediction: How the debt debate will unfold

The debt limit will go up. Really conservative Republicans will still be outraged. So will really liberal Democrats.

Here’s what’s going to happen:

The Senate leaders from both parties and President Obama will coalesce around the Gang of Six deal based on the recommendations of the Bowles-Simpson Deficit Reduction Commission.
After initially voicing reservations, House Speaker John Boehner and, perhaps, Majority Leader Eric Cantor will sign off on the deal in return for some unimportant modifications.

Guest Column——Bio and Archives

Items of notes and interest from the web.