When I read the Washington Post's fly-on-the-wall account of last summer's failed negotiations for a "grand bargain" on deficit reduction, I felt it added more detail to what we already knew: Obama was ready to cut a horrendous bargain, deeply cutting spending while adding only $800 billion in new revenue over ten years, before the Senate Gang of Six unveiling made him raise his "ask" and so licensed the Republicans to walk away.
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The busted grand bargain was terrible -- but…
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When I read the Washington Post's fly-on-the-wall account of last summer's failed negotiations for a "grand bargain" on deficit reduction, I felt it added more detail to what we already knew: Obama was ready to cut a horrendous bargain, deeply cutting spending while adding only $800 billion in new revenue over ten years, before the Senate Gang of Six unveiling made him raise his "ask" and so licensed the Republicans to walk away.