BREAKING: McConnell Opens the Escape Hatch

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July 12, 2011 10:40 a.m.

We’re just getting the first word on this. So the details may be subject to clarification. But Senate Minority Leader has just suggested the GOP will give President Obama his debt limit increase without any spending cuts with a legislative maneuver that in essence allows Republicans to say it’s all Obama’s fault.

If that sounds bizarre, well, it is pretty bizarre. But that’s what he said. More in a moment.

Update: Here’s the story.

Late Update: I’m not at all certain this proposed cave from McConnell is going to survive the heat from the right. But if it does, obviously it has vast political and economic implications. What really strikes me though is this: whoever wins politically, wouldn’t this amount to an epic and pretty much open admission of the rankest cynicism on the part of Republican leaders? We’ll let you do pretty much anything as long as we’ve got the politics wired to help us. That’s pretty much the message. I know, I know. Haven’t I been been watching? But, still …

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