DEBT-CEILING UPDATE: The Rose Garden Collapse. “The White House dished out the spin that suddenly the Tea Party crowd had nixed a deal. In reality, the White House had upped the ante on taxes.”

Republicans need to respond with my revenue-enhancement ideas.

UPDATE: Reader Steve Barns emails: “I want money taken from any multigenerational family trust to be taxed as ordinary income. Twice that rate if a family member has ever been a Senator or Congressman.”

ANOTHER UPDATE: Reader James Becker writes:

If I were Boehner, I’d offer a full repeal of all Bush era tax cuts in return for repeal of Obamacare.

Then – after Obama nixed the deal, I’d spend the next 100 interviews talking about the evilness of Obamacare.

Even if Obama approved of the deal (fat chance), it would be a win for liberty.

Indeed.