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Debt Aspirations Don't Match Situation

By Major Garrett, National Journal - July 25, 2011

The aspirations don't match the situation. To hear them talk, the White House and every key player on Capitol Hill wants to avoid the first-ever default in American history. That's the aspiration.

The situation is no bill exists in the House or Senate that can raise the debt ceiling above its current $14.3 trillion limit. Forget whip counts. There's nothing to whip. Every indication is the House and Senate are moving separately and willfully ignoring the peculiar politics of each chamber. A House bill is likely to be posted Monday with debate beginning Wednesday. The Senate may have its own bill by Monday as well. The chances of them being compatible are worse than Treasury issuing dollar bills made of rubber.

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