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.

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