The party that loses by winning | xpostfactoid:
The party that loses by winning
On July 4, 2011, when the Republicans were in the process of nailing Obama to the debt ceiling, David Brooks wrote:
If the Republican Party were a normal party, it would take advantage of this amazing moment. It is being offered the deal of the century: trillions of dollars in spending cuts in exchange for a few hundred billion dollars of revenue increases.With about $4 trillion in deficit reduction over ten years the agreed target, Obama was ready to settle for just $800 billion in new revenue, a roughly 4-to-1 ratio of spending cuts to revenue (with gains booked through reduced interest payments). But the GOP passed up 'the deal of the century. A four-fifths win for the no-new-taxes ever crowd wasn't good enough for them.
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