Preparing for failure

at 02:18 PM ET, 06/23/2011

The best piece of advice I’ve gotten for assessing the state of the debt-ceiling negotiations is to watch for the players attacking one another publicly. In recent weeks, they’ve been holding their fire. If they go public, my source said, then they’ve concluded that the negotiations have failed and they’re attempting to position themselves amid that failure. With that in mind, read this joint statement from Sens. Mitch McConnell and Jon Kyl:

“The White House and Democrats are insisting on job-killing tax hikes and new spending. That proposal won’t address our fiscal crisis, our jobs crisis, or protect and reform entitlements. And a bill with new spending and higher taxes would fail with bipartisan opposition — as it should. President Obama needs to decide between his goal of higher taxes, or a bipartisan plan to address our deficit. He can’t have both. But we need to hear from him.”
 
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