Senate Republicans are threatening openly to throw up their hands and let Democrats vote to raise the debt limit on their own if President Obama doesn't cave and agree to trillions of dollars in entitlement cuts and zero tax increases. Here's how NRSC chairman John Cornyn (R-TX) put it, speaking to reporters Tuesday:
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"I am wondering if as the deadline approaches, whether our Democratic colleagues in the Senate have realized that unless the President's willing to do a grand bargain that's good for the American people how much he's opening his own political party -- candidates running for 2012 in the United States Senate -- to a referendum on his failure to reach a grand bargain," Cornyn said. "Obviously if it's possible to deal with the spending problem and the entitlement reforms, that's our first choice. But if the President and his party refuse to do the right thing, then in the Senate they're going to be required to vote to raise the debt limit and we'll have a referendum in 2012 on that decision. I don't think if I were a senator on the other side of the aisle I would view that prospect with a lot of pleasure."
Translation: give us what we want, or we'll leave it to you to avoid default, then spend the next year and a half running against you on the grounds that you voted to give President Obama a blank check for massive government spending.