In response to:

Can a Grand Bargain Ever Work?

pastorial Wrote: Dec 01, 2012 9:35 AM
4-12-1 good morning. hagd. Townhall is Right. res-publicans believe in the rich rule. demo-crats believe in the common people rule. Republicans did not always hate big governemnt. They just hate government which helps the common people.

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...