It appears that Boehner has the votes to get his bill passed in the House. Reid needs to then introduce his bill in the Senate. Word has it that McConnell has promised to Filibuster the bill. I suggest that Reid require McConnell & Co to physically maintain the Filibuster on the Senate floor, as allowed under the rules. We will then have the clock ticking on the deficit ceiling as the GOP visibly prevents the body from acting.
It is my preference that Reid introduce the Conrad bill that reduces the deficit $4 trillion over ten years, half through spending cuts and half through tax hikes on the rich. Contrary to the prevailing view, I think that such a vote will strengthen the position of Senate Democrats facing reelection next year.
Then - after Senate GOP caves in the bright lights - lets send Reid's bill and Boehner's bill to an ad hoc "conference". The stage will be set for a bill reducing the deficit $4T in the coming decade, 75% obtained through spending cuts. It will ultimately require Democratic support in the House, along with the GOP establishment, as the Tea Party is marginalized by the adults in the room. Our Triple A bond rating will be maintained.
Meanwhile, Obama needs to announce that we will meet our interest obligations until a deal is done, but everything else will be paid $.50 on the dollar. The pressure will come in handy.