This is where it gets interesting:
“What I can pretty certainly say to the American people, the chances of any kind of tax increase passing with this, with the appointees of John Boehner and I, are going to put in there are pretty low,” said McConnell. He added: “I’m comfortable we aren’t going to raise taxes coming out of this joint committee.”
Which means defense cuts. Finally, the GOP has been cornered into making the tough decisions on defense that the debt really requires. And truth be told, if I had to choose between smaller tax hikes and a smaller Pentagon, I'd happily cut the Pentagon. I bet many in the Tea Party feel the same way.
But one note on the Weekly Standard's word-use. They are now defining fiscal conservatives as those who want a much smaller government and the lowest possible taxes, as opposed to those who want to see the debt slashed by a balanced approach. It seems to me that fiscal conservatism should include both camps, especially when revenues are at a 50 year low.