Debt Ceiling Update

Details of the new debt ceiling plan suggest that the biggest problem the Tea Party Republicans will have is keeping a straight face while they argue Boehner+, as the proposed plan is called, doesn't go far enough. Did we get everything we wanted? No just somewhere between 60 and 98 percent. Again let's stipulate everything we know about this deal comes from inside sources and there maybe something that will jump out and bite. The Boehner+ plan calls for immediate cuts of $900 billion. Then the second tranche (yes, I had to look it up. From the French word slice. a portion or installment, esp of a loan or share issue) would entail a super committee that would be tasked with procuring another $1.5 billion in cut by Thanksgiving and passed by Christmas. Failure to do so would trigger immediate and severe across the board spending cuts. The balanced budget amendment is tied into the package too but it's not clear at this point how it would work. Check back for more details.