“In exchange for ravaging the most popular and successful programs Democrats have ever produced, and for a vital chunk of nearly every American’s retirement savings, Barack Obama’s grand bargain would have meant accepting an entire economic philosophy diametrically opposed to the one he had run on. For the most basic principles of public life to be so readily malleable, even for a president, is to strip any meaning from democracy.” — Kevin Baker in “Why Vote? When your vote counts for nothing”, from the Oct, 2012 edition of Harper’s Magazine.
According to this LA Times article Deficit battle shaping up as GOP victory President Obama began his bargaining about raising the deficit limit from a position that already gave Republicans most of what they want: way more spending cuts than tax increases. Even if Obama were to gain all the tax-law changes he wants, […]
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