In response to:

For Once, Republicans Must Ignore All Calls and Jump off Cliff

S.17 Wrote: Dec 14, 2012 4:48 PM
Keep your eye on the ball. More taxes don't solve a thing. Taxing the rich doesn't solve one single thing. It's demagoguery of the first order. It's pointlessly punitive. The problem is spending. That should be the entire focus of this "crisis" and negotiation. Keep your eye on the ball.

I remember it well. It was Christmastime 1995, and much of the business establishment seemed furious with then-Speaker Newt Gingrich. As his political chair, I was hearing them out. Moreover, I was by then CEO of one of the nation's largest producers of corporate annual reports -- big-ticket items -- so I was listening intently.

But I had no influence. Bill Clinton was having nothing to do with Newt's threats to "shut down" the government, and that is exactly what Newt did -- twice -- both in December of 1995 and again in January of 1996. The result? Clinton...