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Anatomy of a Flop: GOP "Cliff" Counter-Offer Fizzles

toucan1953 Wrote: Dec 04, 2012 7:36 PM
Actually, after graduating from college in the mid 70's, my wife and I were able to purchase MUCH more than we can now.

Yesterday evening we reported the details of House Republicans' "fiscal cliff" compromise offer to the White House, which offered real ideological concessions, to the tune of $800 Billion in new revenues.  The plan -- originally conceived last year by the Democratic co-chairman of the debt commission, Erskine Bowles -- also calls for the reduction of both discretionary and mandatory spending, making needed (albeit small-ball) reforms to the largest drivers of our debt.  Unlike the president's risible, widely-panned proposal last week, Republicans' new negotiating posture offers genuine compromise: (a) It has bipartisan origins, (b) it achieves "balance," (c) it...