Maybe the Tea Party’s happy now

Updated
 
From Adam Jentleson, an aide to Senate Majority Leader Harry Reid
From Adam Jentleson, an aide to Senate Majority Leader Harry Reid

We’re back to the Balanced Budget Amendment, the same one Senator John McCain told his fellow Republicans cannot pass. In an effort to get his debt-ceiling bill through the House, at least, Speaker John Boehner is now adding stipulations for a second increase in the debt ceiling.

NBC News reports that those stipulations include that new spending cuts be greater than $1.6 trillion, and that the Balanced Budget Amendment has already gone to the states. Since the House and Senate almost certainly can’t pass the amendment at all – let alone by the necessary supermajority – Wall Street and Main Street and the whole darned world would get to face this impasse again a few months from now.

But it apparently pleases the Tea Party caucus, so until the Senate votes it down, the Boehner plan is the flavor of the day.

Maybe the Tea Party's happy now

Updated