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

David238 Wrote: Dec 04, 2012 2:56 PM
Republicans should just vote "present". What our country needs more than anything is to see the consequences of enacting socialist policies. Our country is going to go bankrupt -- let's just get it over with.

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...