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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Any politician, political pundit, soothsayer or palm-reader who believes that promoting a reduction in government spending is a winning strategy for fiscal cliff negotiations, suffers from (CDSS) continuing delusional stress syndrome. In America, people are not yet ready to commit, hook, line and sinker into accepting the premise, we will begin to live our lives doing with less. As long as Obama & Company can promote the charade that "somebody else" will pay your way through life, cutting government spending will remain about a popular as cutting taxes for the wealthy. The mindset of today's citizenry is as follows, it's OK to cut military spending as it doesn't affect my personally, but reduce my food-stamp allotment, shame on you.
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