Apparently the Debt Ceiling talks have collapsed but I don't believe it. I don't believe a DAMN word from either Obama or Boehner. Obama and Boehner are just raising the stakes so they can blame each other for capitulating on budget cuts and tax increases respectively. This is all a cheap off Broadway performance. I don't believe a DAMN word because Obama has the 14th Amendment, and he refuses to use it. Obama is still prioritizing "Compromise" over "Results" and politics over policy. Obama wants to look "Moderate" by forging a bipartisan compromise instead of protecting SSI, Medicare, and Medicaid. It's interesting that the Debt Ceiling talks broke down just in time to brief the media and still have a Presidential press conference during the prime-time news hour. Call me cynical but this isn't my first rodeo.
Obama has no one to blame but himself. He has refused to lead. He hasn't given the country or Congress a debt ceiling plan. All the serious talks have been backroom "negotiations" without any public input. Moreover, Obama has bent over backwards so far the Republicans don't believe he has a spine, and there isn't any reason to honestly negotiate with a spineless opponent. If I were a Republican, I would take this fight to the last second before default because Obama will cave. Obama caved on the Stimulus, Health care reform, GITMO, Wars, GWB tax cuts, and budget negotiations. It's only a matter of time before Obama completely surrenders to Boehner. The only reason the Republicans would turn down a good deal is because they have looked into Obama's eyes, and they know they will get a better deal. And the Republicans will.