raise the debt ceiling this week. one, a hopeless stunt that everyone knows is hopeless. the other is a last resort plan in which each side claims some sort of victory. today the president issued a rare obama veto threat against the stunt. house republicansle call it the kupt, cap and balance act of 2011. it would cus spending by $111 billion, cap future federal spends at a fixed percentage of gdp, require congress to pass a balanced budget amendment and send that amendment to the states for ratification before granting the president authority to raise the debt ceiling to $2.4 trillion. the balanced budget amendment would also include a provision that any tax increase, any tax increase must pass both chambers of congress with a two thirds