John Boehner caves on debt limit. Again.

To the surprise of no one, House Speaker John Boehner has reportedly offered to extend the debt limit for one year.

Via the Washington Post:

House Speaker John A. Boehner has offered to push any fight over the federal debt limit off for a year, a major concession that would deprive Republicans of leverage in the budget battle but is breathing new life into stalled talks over the year-end “fiscal cliff.”

The offer came Friday, according to people in both parties familiar with the talks, as part of the latest effort by Boehner (R-Ohio) to strike a deal with President Obama to replace more than $500 billion in painful deficit-reduction measures set to take effect in January.

Conservative tweeters were not pleased:

It has happened before. In one year, it will happen again.

Update:

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