These deals won’t be around forever! … If, as this NYT article suggests, Republicans can really get a) chained CPI and b) some form of means-testing of entitlements in a deal with Obama (in exchange for revenue from loophole-closing) they should grab it, no? The GOP only controls one house–how much leverage do they think that gives them? … If they don’t like the revenue increases–well, it’s relatively easy to cut taxes later. It’s next to impossible to cut government spending, especially in a big way. If Obama can actually sell such entitlement cuts to enough Democrats in Congress–hardly a sure thing–principled pols who care about deficits and reducing government would want to take advantage. Let Nixon go to China! … Unless Republicans are actually afraid these major adjustments would make Social Security and Medicare fiscally sound and therefore unassailable. … They’ll always have Obamacare, if they want to worry about runaway costs. …
Grab It, GOPs!
1:47 AM 03/12/2013