Democrats appear to have the upper hand on the politics of the fiscal cliff, which might explain their brash pronouncements and mind-blowing conceptualization of "compromise." This morning I outlined three possible contingencies for Republicans, none of which is especially attractive. But is there a fourth way? The GOP's dilemma is a doozy. Their opponents, emboldened by the election, are pushing for counter-productive tax hikes on "the rich" -- a politically popular...
Option 4 - publicly counter an equally ridiculous proposal to Obama. Something including Ryan's Medicare overhaul, complete tax reform (no deductions and lower rates for everybody, eliminate/reduce corp tax rate) and immediate spending cuts across the board (including defense!). This proposal should include a budget that at worst is equal to the current budget. Ideally, it would reduce the current budget 5-10% and hold it there for the following year. Of course, we know the Dems won't agree to this but make the public see the start difference between a real plan and what Obama is pushing right now.
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