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The Nation's Chris Hayes, filling in for Rachel Maddow, points out that just as they did during the tax cut debate, Republicans have already shown their hand on whether they'd be willing to raise the debt ceiling.

BOEHNER: We're going to have to deal with is as adults, whether we like it or not. The federal government has obligations and we have obligations on our part.

As Hayes noted, even though the Republicans are trying to placate the tea party, a.k.a. the extreme right wing of their base, they're never going to allow their Wall Street masters actually be harmed. His recommendation: Call their bluff this time around and make the Republicans walk the plank on this.