lawgator1
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Focus of debt talks to narrow without deal by Friday, sources say - CNN.com
Translation: If the GOP will not deal today on a $4 trillion plan (or thereabouts) for deficit reduction that includes eliminating tax loopholes and Bush tax cuts to go along with trillions in spending cuts, the President is going to tell them they have to sign off on a no strings attached debt ceiling increase.
If the GOP then balks at that, politically the mess is squarely in the lap of Boehner and Cantor. If that happens, its adios for Republican controlled House or Senate.
Translation: If the GOP will not deal today on a $4 trillion plan (or thereabouts) for deficit reduction that includes eliminating tax loopholes and Bush tax cuts to go along with trillions in spending cuts, the President is going to tell them they have to sign off on a no strings attached debt ceiling increase.
If the GOP then balks at that, politically the mess is squarely in the lap of Boehner and Cantor. If that happens, its adios for Republican controlled House or Senate.