In response to:

Can a Grand Bargain Ever Work?

johnm h Wrote: Dec 01, 2012 7:35 AM
There are lots of things that the Republicans could do, but until they see a specific proposal from the Obama Administration they need not advance any of them. They don't have to negotiate with themselves. Nor, after they see a real proposal, do they have to avoid sensible proposals just because the Senate will sit on them and Obama will trash them. Do they think they won't get blamed for the next four years of stagnation and growing debt no matter what they do?
Reginald10 Wrote: Dec 01, 2012 5:22 PM
Exactly. So they should shape their actions to make Obama & Co. look as bad as possible. Let them "win" if need be! Once they take credit, they will be saddled with blame as well. Then maybe we'll have a chance to repair things.
pastorial Wrote: Dec 01, 2012 9:39 AM
j., it is the blame game again?

The idea behind a grand bargain to get the federal budget deficit under control is a simple one. Republicans agree to tax increases and Democrats agree to spending cuts.

In a previous post I warned that this could be a trap for Republicans, just like similar budget deals have been in the past.

There are two problems. First, the tax increases will hit immediately, while the spending cuts will be mainly in the future. That means future Congress's will have an opportunity to renege on the agreement before any serious spending reduction takes place. Second, all the serious spending increases...