Obama sets ceiling to debt ceiling negotiations

Although White House Press Secretary Jay Carney told reporters on Wednesday that the President would continue to push for a comprehensive deficit reduction agreement, Mr. Obama told Republicans lawmakers on Wednesday that he had reached the ceiling on his willingness to negotiate a debt ceiling agreement with the GOP.

"I have reached the point where I say enough...," said Obama. "I've reached my limit. This may bring my presidency down, but I will not yield on this."

Nevertheless, despite the President's rhetoric, it is highly doubtful that he'd be willing to place a ceiling on his Presidential aspirations - even if it means raising the ceiling on his willingness to negotiate a debt ceiling agreement. If, however, Obama believes placing a ceiling on such negotiations would raise the ceiling on his 2012 Presidential bid, then, yes, by all means, the sky is the limit.