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...
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"The president's idea of a negotiation is, roll over and do what I ask," Boehner groused. Where do you imagine President Obama might have learned this particular bargaining technique? Might his instructors have been Boehner's own House Republicans, who went so far as to hold the debt ceiling for ransom -- and with it, the nation's full faith and credit -- in order to get their way?
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