Oh, Obama will fold rather than have 30% of the government shut down. And I don't see why that would be bad for business actually, at least in the short term.
You and Fred Barnes are literally the only people I have seen who think that Dems would be hurt worse by the fiscal cliff than Republicans.
Even the Heritage Foundation called Boehner's offer a "dud."
"[T]he Republican counteroffer, to the extent it can be interpreted from the hazy details now available, is a dud. It is utterly unacceptable. It is bad policy, bad economics, and, if we may say so, highly questionable as a negotiating tactic."
Your link is to a merely conclusory statement. And I don't understand why capping deductions is "bad economics." But sure, any reasonable structure where deductions are merely capped rather than exorcised will require rate increases. But if you just raise rates on "the rich," you are going to need to slash spending, and slash it hard. Anyway, my anger is more animated by team Obama ignoring the entitlements issue. That is just disgraceful.
What issue? Why does anything need to be done?
