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Anatomy of a Flop: GOP "Cliff" Counter-Offer Fizzles

bluenote Wrote: Dec 05, 2012 8:15 AM
You Republicans like to pass out the cake and ice cream but will whine when it comes to taking the medicine. You Republicans mandated $4 billion a year in ethanol subsidies alone, as well as drastically increased cotton, sugar, soybean, corn, wheat handouts, billed to the national credit card. You Republicans doubled the size of the Department of Education, billed to the national credit card. You Republicans started new government programs, like Faith Based Initiatives, and then prattle on about how you want small government.

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...