And Matt Yglesias is a moron if he does:
Late Monday, the Treasury Department announced that the federal government will hit the statutory debt ceiling in the middle of October, setting the rough date for the next political/economic crisis. Republicans have been offering a lot of wild theories about their negotiating strategy around this, but on CNBC this morning Secretary Jack Lew said the right thing about the administration’s bargaining strategy—there is no strategy because there is no bargain.
No, really, this time they really, really mean it! Uh huh.
I promise you, the Grand Bargain is coming. Obama is not sucking up to all those Republican senators, meeting them for extended meals, because he wants to stonewall them. That’s not the plan.
I’ve told you what the plan is. I’m tired of trying to explain it to people who don’t want to listen. It’s coming, and we have to get ready to fight back.