How Likely Is Compromise?

Dec 14 2012 @ 11:02am

Why Douthat doesn't expect a grand bargain:

Because taxes are going up by $800 billion no matter what, it’s going to be awfully hard for John Boehner to persuade his members to vote for a deal that raises them even more, unless he’s extracted genuinely significant concessions from the Democrats on structural reforms to Medicare and Social Security. But by the same token, because taxes are going to go up by $800 billion no matter what, it’s going to be awfully hard for Democrats to accept a deal in which they have to swallow an unfavorable cuts-to-taxes ratio beyond that $800 billion baseline.