Would Democrats even have signed on to Obama's "grand bargain"? Reid clearly is willing to pass a package without tax increases. Sen. Ben Nelson, D-Neb., said he opposes a deal with a tax increase, and Virginian Jim Webb has voiced reservations, as well. On the party's far left, House Minority Leader Nancy Pelosi has bristled at the deal's reported cuts in entitlement spending. Though Obama has complained about Republicans for leaving him at the altar, it's not clear he had a wedding party.
Who gets hurt? Democratic partisans happily blame recalcitrant Republicans who won't compromise, while they ignore Obama's refusal to back down from a bad plan that can't happen.
On Monday, the president complained that "it's not fair" if a debt ceiling deal doesn't close corporate-jet loopholes but reduces funding for education and clean energy. Will it be fair to working families and American homeowners if the U.S. economy falters again?