Greg Sargent at the Washington Post says this is the Democratic game plan for handling the debt crisis from here on, according to Senate Democratic aides:
The next move is to sit tight and wait for the House to vote on Boehner's proposal. The idea is that with mounting conservative opposition, it could very well be defeated. If the Boehner plan goes down in the House, that would represent a serious blow to Boehner’s leadership, weakening his hand in negotiations…
At that point, the Senate would then pass Harry Reid’s proposal, and then kick it over to the House, which would increase pressure on Boehner to try to get it passed, since he was unable to pass his own plan.
The second alternative possibility being gamed out by Senate Dems would take place if the Boehner plan does manage to sneak through the House. Aides say Dems would then vote it down in the Senate. And here’s where it gets even more interesting.
Senate Dem aides say they would then use Boehner’s bill — which passed the House but died in the Senate — to expedite their own proposal. Here’s how. They would use the “shell” of the Boehner bill as a vehicle to pass Harry Reid’s proposal, because for various procedural reasons House messages get expedited consideration. Senate Dems would vote to “amend” Boehner’s bill by replacing it completely with Reid’s proposal — which the Senate could then pass more quickly than they otherwise could.
After that, Reid’s proposal — having passed the Senate — would then get kicked back to the House. Having proved that Boehner’s plan can’t pass the Senate, Democrats would in effect be giving House Republicans a choice: Either pass the Reid proposal, or take the blame for default and the economic calamity that ensues.