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Interestingly, the McConnell proposal seems to be getting better with Democratic input, although it’s all still very murky. I think this goes to show that Democrats want to be able to say they paired some cuts with a debt-limit increase. I may have vastly over-estimated Republican leverage on the debt limit, but I think those who immediately endorsed the original version of McConnell under-estimated it.

Rich Lowry is the editor of National Review. He can be reached via email: comments.lowry@nationalreview.com. 

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