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

Troglodite Wrote: Dec 04, 2012 8:53 PM

It really is irritatingly stupid on his part. Even if he figured he was going to have to cut a deal with the White House at some point down the road, the Tea Partiers were people whom he could point to in order to improve his own bargaining position: "Gee, Barak, I woule really like to kiss your backside, but those nasty Tea Partiers won't let me unless you give them something to make them happy."

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

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...