With the President officially declaring that he will not pull a rabbit out of his hat to avert a default, President Obama has squarely put the responsibility upon Congress to do so instead. While we would probably prefer this to be a time when the President exerted executive power instead of relying on the separation of powers, this has the side-effect of forcing the end-game on the debt ceiling to occur in roughly a month to a month and a half. Whatever Republicans sane enough to think strategically are left are announcing that the debt ceiling is not 'the ultimate hostage', and that 'all options are on the table'.