• The Fiscal Cliff Deal: The Grand Debacle
    posted by Mike McClellan at 3 January, 9:24 AM  0 
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    Two summers ago, President Obama and House Speaker John Boehner were deep in discussions over a Grand Bargain, an historic deal that would’ve changed government — and government spending — in extraordinary ways.

    And then?  Boehner walked away.

    Why?  Obama demanded more revenue as a part of the deal, in other words, higher taxes or more closed loopholes on the wealthiest.

    Here’s the final part of the negotiations (you can read a full article detailing what Obama offered to cut here):

    “Obama offered to put Social Security, Medicare and Medicaid cuts on the table in exchange for a tax hike of roughly $100 billion per year over 10 years. Meanwhile, government spending would be cut by roughly three times that amount.”

    So a one-trillion dollar tax hike combined with a $3 trillion spending cut over ten years.

    No deal.

    Now, a year and a half later?

    Obama got most of his tax hike, $600 billion worth.

    And spending cuts?  Oh, $12 billion.  For January and February of this year.  As to other cuts?  Who knows. They — “they” being the Administration and Congress — say they’ll meet to consider how to deal with the now-delayed sequestration over the next two months, just in time for debating the debt ceiling.

    In other words?

    A year and a half ago, Republicans had a deal that gave them most of what they wanted in spending cuts.  But their anti-tax absolutism killed any hopes.

    And now they signed off on tax increases but no spending cuts.  

    Who’s running that party, Groucho, Harpo, Chico or Chancy Gardiner?

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    Mike McClellan

    Post Author: Mike McClellan

    Bio: Mike McClellan has lived in Arizona since 1967 where he attended high school and the University of Arizona. McClellan taught high school English for 36 years, including 30 years at at Dobson High School in Mesa. He has been a contributing columnist to both the East Valley Republic editions and the East Valley Tribune.

    Website: http://azcvoices.com/politics/author/mikemcclellansblog/

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