Why the president's grand bargain offer is so conservative
xpostfactoid.substack.com
Ever since Obama made it clear that he was engaging with Republicans to strike a multitrillion deficit reduction deal, Democrats have lamented how far the goalposts have been moved to the right. Why were Democrats not insisting on, say, a 50/50 split between spending cuts and tax hikes? Why was the floated half-loaf deal weighted an apparently 83/17 in favor of cuts, and the more recently proffered grand bargain something like 3-to-1? (Though I wonder whether, as in the president's initial proposal, that is not in fact 2-to-1, with another trillion in savings credited to reduced interest paid on the debt.)
Why the president's grand bargain offer is so conservative
Why the president's grand bargain offer is so…
Why the president's grand bargain offer is so conservative
Ever since Obama made it clear that he was engaging with Republicans to strike a multitrillion deficit reduction deal, Democrats have lamented how far the goalposts have been moved to the right. Why were Democrats not insisting on, say, a 50/50 split between spending cuts and tax hikes? Why was the floated half-loaf deal weighted an apparently 83/17 in favor of cuts, and the more recently proffered grand bargain something like 3-to-1? (Though I wonder whether, as in the president's initial proposal, that is not in fact 2-to-1, with another trillion in savings credited to reduced interest paid on the debt.)