Yesterday evening we reported the details of House Republicans' "fiscal cliff" compromise offer to the White House, which offered real ideological concessions, to the tune of $800 Billion in new revenues. The plan -- originally conceived last year by the Democratic co-chairman of the debt commission, Erskine Bowles -- also calls for the reduction of both discretionary and mandatory spending, making needed (albeit small-ball) reforms to the largest drivers of our debt. Unlike the president's risible, widely-panned proposal last week, Republicans' new negotiating posture offers genuine compromise: (a) It has bipartisan origins, (b) it achieves "balance," (c) it...
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Note to the republican leadership: If you think there's a quick fix deal with Obama than can make everything "nice", resign and go on welfare. We have passed the economic point of no return. The democrats are suckering you into a fight over more tens of trillions in printed-up money, because the layoff's put off until after the election, are taking place as I type. Companies as well as your supporters expected better.
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