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The Fiscal Cliff Deal´s Biggest
Winner May Be George W. Bush

The New Republic, by Jonathan Cohn

Original Article

Posted By:DaddyO, 1/1/2013 8:24:15 AM

First things first. At 12:00:00 a.m., we go over the fiscal cliff. And at 12:00:01 a.m., most Americans will be talking about the new year, not the new fiscal regime. That´s entirely appropriate. In theory, midnight will usher in huge policy shifts: The tax code will return to what it was in the Clinton era, while a series of automatic spending cuts will begin to take effect. (snip) It’s as if President George W. Bush finally won—the tax cuts he’d always wanted would be staying on the books indefinitely, "starving the [government] beast" of the resources it needs to survive.

Comments:
Jonathan´s point is that Bush won by making most of his tax rates acceptable by both sides. The question is, would it have been better to negotiate budget cuts and the debt limit increase with or without the deal.

      


Post Reply  

Reply 1 - Posted by: stablemoney, 1/1/2013 9:21:26 AM     (No. 9092863)

This writer is an economic fool.

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Reply 2 - Posted by: eoddad, 1/1/2013 10:26:53 AM     (No. 9092984)

The writer says the deal will end the Republican´s extortion. What a laugh. Don´t waste your time on this one.

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Reply 3 - Posted by: toddh, 1/1/2013 11:41:28 AM     (No. 9093123)

After ten years of lying, Duh Media admits that President Bush´s tax cuts were for everyone.

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Reply 4 - Posted by: BaseballFan, 1/1/2013 12:50:43 PM     (No. 9093251)

I stopped reading this litany of lies at "automatic spending cuts".
Ditto to #1.

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Reply 5 - Posted by: ROLFnader, 1/1/2013 1:27:52 PM     (No. 9093318)

Anyone who utters the term " Bush Tax Cuts" is an idiot. They are the U.S. income tax rates in effect. Attaching the liberal bogeyman name to them doesn´t change that fact.

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Reply 6 - Posted by: Javelin, 1/1/2013 4:04:26 PM     (No. 9093465)

Add to the "idiot list" all those who continue to perpetuate the myth that these are tax increases on the rich (or the wealthy).
They are not.
They are tax rate increases on income. Income and wealth are not the same thing even if the Democrats, The New Republic, the GOP, and Fox News don´t know any better.
When are we going to stop using the Left"s lexicon? It is no wonder that the "low-information" voter doesn´t get it.

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Reply 7 - Posted by: nocuol, 1/1/2013 8:26:10 PM     (No. 9093737)

G.W. Bush´s reign as the worst president in American history was shortlived with the inaugauration of Barack Obama. Of course, one could argue that Bush´s brand of big-government, big-regulating, big-spending brand of liberalism made a monster like Obama possible.

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