Raise the Roof (or Debt Ceiling), Again?

Looks like Republicans' plans worked. Last month they agreed to extend the payroll-tax reduction for 2012 without demanding spending cuts. Why you ask? So that the US will hit the debt ceiling -- you remember that pesky debate from last summer don't you? -- right before election time.

Source: http://www.zerohedge.com/news/us-debt-ceiling-d-day-september-14-2012
Source: http://www.zerohedge.com/news/gop-finally-discovers-obamas-achilles-heel-just-let-him-do-what-he-does-and-encourage-it
Source: http://blogs.wsj.com/marketbeat/2011/07/11/debt-ceiling-debate-the-mother-of-all-timelines/
Source: http://online.wsj.com/article/SB10001424052970204795304577221340036336950.html