Despite all the hubbub and the blah blah blah, there's no question that the debt ceiling will be raised. It has to be because that money is already spent. As the U.S., we have to pay our bills. The world expects that. What's in question is how big of a deficit cutting deal Obama, republicans and democrats can come up with.
House republicans want everything. They want only cuts and no tax increases.
Obama wants some tax increases along with the spending cuts.
Frankly, I'd like to see the House get their way. People need to understand what republicans are proposing.