demint. really, it has a 18% gdp spending limit and not balancing higher limit of taxation. as much as i want to strongly and enthusiastically call for this, kim a right. the math is such that it can be a political disaster for the republicans because all of the vulnerable democrats up in 2012, could vote for it, get the political cover and saying look i m for a balanced budget and still didn t pass. so what they need to focus on is cuts this year that are real. all right, dan, where does this leave us briefly. are we headed for a crackup? we re headed for the august 2nd debt limit deadline. it s too bad this fight, an important political fight has to be fought over the technical legal requirement. both sides have incentive to do a deal here and it s very hard to see how they re going to pull it off. i think they re very far apart and so i think we re headed for a potential train wreck on august 2nd. okay, dan, thanks. still ahead, a big victory and