President Obama and Senate Democrats are weighing a scaled-back U.S. budget deal that would avert a looming default but force Congress to tackle the politically toxic issue again before the 2012 elections, a Senate Democratic aide told Reuters on Thursday.
If this goes through, then there will be another debt limit vote next year before the election. This effectively kicks the can down the road, but I also think it would make the 2012 election about the debt. That should get the Tea Partiers to the polls.
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