Watching the political theatre over the past few weeks and both parties are really weak. I keep hearing this artificial goal of "saving" $2.4Trillion over the next 10 years to pay for the debt ceiling increase. The COLD HARD REALITY IS, until there is NO Budget Deficit the debt ceiling will increase and cutting spending, a little, doesn't mean anything. Every spending cut plan put forth so far does nothing to fix the bigger problem... in 2013 the debt ceiling will have to increase by more than $1Trillion. The only way to pay for the $2.4Trillion debt ceiling increase is to carry a budget surplus of $2.4Trillion over the next ten years, and No Way No How that will happen without big tax increases.

If the Republicans cannot get a spending reduction bill passed that cuts spending for the remainder of 2011 Budget year, and also cuts 2012 there is no point in a bill that cuts spending beginning with 2013 budget since the next congress isn't bound to any spending bill passed by the previous congress. We already know the democrats want to tax now and cut 5 years from now so there will be no compromise. I seriously doubt any Republicans running for re-election have the guts to vote for spending cuts that take effect before November 2012.

Knowing all this, to me, the McConnell plan faces Reality that no cuts will happen before election day so avoid the tax increases let Barry raise the debt ceiling and be done with it. Barry's Legacy.... he leaves the next POTUS with a $1.4Trillion budget deficit, the National Debt at 100% of GDP and Barry increased the annual budget by nearly 33%.

And don't forget ObamaCare which will add ~$10Trillion to the deficit in the same amount of time that the 2.4Trillion is being whittled out of spending.