Republicans Continue to Cave
I love the reporting we’re seeing on the Fiscal Cliff. About what you’d expect. For the most part, it describes Democrats as being “flexible” by increasing the amount of income that won’t be subject to a tax increase.
And the press seems to be accepting the Democratic line that Republicans are trying to just ruin everything by pushing for spending cuts, and it was a “setback” when Senate Minority Leader Mitch McConnell tried to reduce Social Security benefits by proposing “chained CPI.”
THOSE EVIL REPUBLICANS!!
Let’s try to understand what’s going on here.
The fiscal cliff was a mix of spending cuts and tax increases. But negotiations are centering on taxes. Republicans are being forced to accept a tax increase, but the minute they put serious spending cuts on the table, they are accused of trying to screw everything up.
In fact – hold on while I get my bandages to wrap around my head to prevent it from exploding . . . okay, there . . .