GOP DEBT CEILING ACE IN THE HOLE: Obama’s Birthday Bash.

The president is planning an extravagant fundraising bash Aug. 3 at the Aragon Ballroom in Chicago, including a birthday concert teeming with celebrities and – for couples contributing $35,800 – a private dinner with the president. All this just one day after the government is scheduled to run out of cash!

Undoubtably, the sight of so much money getting thrown around and dissolute stars crooning to Obama will make a stirring contrast with a federal government bankruptcy featuring unpaid government workers, seniors and soldiers wondering how they’ll afford the groceries, shuttered national parks, and angry investors trying to cash out their Treasury Bills.

If the government defaults, you can be sure the birthday bacchanal will do much more to harm Obama’s reelection prospects than help them.

Indeed.