So it’s on to the Senate, where the only plan that will actually do something useful about the debt on a long-term basis will die a partisan death.
The House has passed legislation conditioning a $2.4 trillion increase in the nation’s borrowing cap on a tea party-backed plan to require immediate spending cuts and a constitutional amendment requiring a balanced budget.
The 234-190 vote sends the “cut, cap and balance” plan to the Democratic-controlled Senate, where it has virtually no chance of passing.
You want to see leadership? Don’t look to the White House. Say what you will about the House leaders, but at least they put a workable plan together and passed it. The Senate and White House will just keep playing ping pong over the abyss.