Krauthammer: Short term deal

A long-term deal or nothing? The Republican House should immediately pass a short-term debt-ceiling hike of $500 billion containing $500 billion in budget cuts. That would give us about five months to work on something larger. NRO

He wants a six month budget cycle. More agreement for a short term deal than long. That way we can keep a sharp eye out for cheating by both the Senate and Wall Street.