We're doomed

Very interesting inside info on the debt ceiling fight from Dennis G at Balloon Juice this morning. Do read the whole post, but here's the relevant dynamic:

Over the weekend I went to a dinner in Washington. There were quite a few folks there from both Parties. And it was not a big surprise to find out that some of them were involved in negotiations about the debt ceilings and other matters. It was an topic of conversation. When I asked what was happening and what might happen, several folks mentioned that the key to understanding debt fight and John Boehner was to understand that he is fighting with Cantor for his political life. [...]

If Boehner survives this manufactured crisis, a new one will begin the moment it is resolved and fresh knives will be sharpened. Orange John walks with an expiration date and a target stamped on his back. Whatever happens, I expect that Boehner will resign to spend more time with his family in the near future.

And then we will have Speaker Cantor and the fun can really begin.

Of course, it's been obvious from day one that Cantor wanted Boehner's job. He's been sharpening that long knife waiting for the opportunity to use it for a long time now. And not to forget, Cantor is ruthless and he doesn't give a damn if we default. He stands to make a killing on a default, having invested in shorting US notes.

[More posts daily at the Detroit News.]