What’s next? A dramatic, four part report that blows the lid off of the 2×4 aisle down at the Home Depot?
Day: January 18, 2013
[David] Brooks begins [his column today] by noting that the Grand Bargain on the deficit, which he has spent the last two years relentlessly touting, is not actually possible. Why is it impossible? Because, he writes, “A political class that botched the fiscal cliff so badly are not going to be capable of a gigantic deal on complex issues.”
Oh, the political class? That’s funny. In 2011, Obama offered an astonishingly generous budget deal to House Republicans, and Brooks argued at the time that if the GOP turned the deal down, it would prove their “fanaticism.” Naturally, they turned it down. Obama continues to offer a bargain including higher revenue through tax reform in return for lower spending on retirement programs, but Republicans refuse to consider higher taxes. So, in summary, this proves “the political class” is to blame.