In response to:

Compromise or Gridlock in Washington: Two Unpalatable Alternatives

S.17 Wrote: Dec 12, 2012 10:21 AM
"Today’s gridlock between the Boehner-led House and Team Obama has stuck the federal spigot in the wide-open position of perennial trillion-dollar deficits." But complete gridlock will send us over the cliff with the biggest percentage spending cut in history. What's wrong with that? I ain't scaid.

Editor’s note: A version of this article first appeared at Forbes.com.

As soon as the elections were over, a wave of commentaries extolling the virtues of compromise appeared in the press. The common theme is that it is time for Democrats and Republicans alike to end partisan gridlock—to make compromises that will shrink federal deficits without driving us off “the fiscal cliff.”

That said, gridlock has its defenders. They fondly remember “the good old days” in the ’90s when divided government (Democratic White House, GOP Congress) produced a gridlock that kept spending increases relatively modest and eliminated budget deficits....