While Republican leadership spent the day attempting to build support for House Speaker John Boehner’s plan to raise the debt limit, the party could actually be better off passing a modified version Senate Majority Leader Harry Reid’s proposal.

I’ve been enamored by the attempt by both sides to create a stark contrast between the dueling debt limit plans even though they are quite similar. Both plans raise the debt limit, claim $1.2 trillion in discretionary spending cuts, and create a joint Congressional committee to find more savings. Also, neither proposal does anything about entitlements.