Some headlines this morning: GOP turns hard right on debt Budget experts raise concerns over McConnell debt limit fallback plan 71% shun GOP handling of debt crisis In case you haven't noticed, the drumbeat has begun in earnest to blame Republicans for the failure of talks on the debt limit and any bad reaction to it from the markets. Today's hysteria is being generated because the GOP wants to include the unreasonable, the radical, the extreme notion that the government - eventually - should have to live within its means. The balanced budget amendment doesn't mandate cuts in the budget. It will force a cut in the rate of growth in government spending, gradually bringing to down to 18% of GDP - with increased GDP growth accounting for most of the difference. And the amendment says, that if you want to fund a study to find out whether the penis size of a gay man is connected to his sexual health, you have to get 2/3 of the House and Senate to agree that this is something on which the...(Read Full Post)