The Terms Of The Grand Bargain

Jan 27 2012 @ 10:22am

Scott Galupo insists that long-term deficit reduction hinges on a proposal we've seen before: 

[T]he terms of the Grand Bargain—entitlement cuts in exchange for higher taxes on the wealthy—remain the crux of our paralyzed deficit-reduction politics. Even if Obama loses in November, Democrats in Congress are going to continue insisting on those terms. And with the power of the routine filibuster on their side, as well as public sentiment in favor of hiking taxes on the rich, Democrats won't need control of the White House or either house of Congress in order to hold out for the Grand Bargain.