In the wee morning hours of New Years Day, the Senate passed the new bill to avert the “fiscal cliff.” They stonewalled up until then to create the illusion for the public that they swooped down in their superhero capes at the last minute to save the day.
And all the talk over the past few months about Republicans’ refusal to compromise can now, finally, after seeing what kind of deal the Democrats gave them, be tossed into the BS bin; the agreement reached shows, if anything, that Republicans are the greatest compromisers we’ve ever seen and Democrats are the worst we’ve ever seen.
What is the compromise?
Democrats: Hey, GOP, have we got a deal for you!
Republicans: Go on.
Democrats: You’re gonna love this. Okay, for every $41 that you guys agree
to raise taxes by, we Democrats will cut spending by–get ready for this,
you’re gonna love it–a dollar!
Republicans: Wow, that’s incredible! We’ll take it!
Yes, that’s right: the deal reached has the President increasing taxes by $620 billion and agreeing to cut only $15 billion in spending, a 41:1 ratio of taxes to cuts. So the problem of too much spending, which almost everyone, including Democrats, agrees is a major problem, is to be put on the back burner and worried about some other time because Democrats are so sexually aroused by the idea of taxing people that it inhibits their ability to reason.
(Note that Senators Marco Rubio and Rand Paul, my dream 2016 presidential ticket, both voted No on the deal, adding another notch to their conservative credentials.)
This is not the only instance of Democrats’ being slimy weasels and Republicans’ being weak pushovers. From Americans for Tax Reform:
”In 1982, President Reagan was promised $3 in spending cuts for every $1 in tax hikes. The tax hikes went through, but the spending cuts did not materialize. President Reagan later said that signing onto this deal was the biggest mistake of his presidency. In 1990, President George H.W. Bush agreed to $2 in spending cuts for every $1 in tax hikes. The tax hikes went through, and we are still paying them today. Not a single penny of the promised spending cuts actually happened.”
So what is likely to happen, if history is any indicator, is that we will never see the $15 billion in spending cuts promised by the Democrats and Obama. Not that it was anything to write home about in the first place.
Happy New Year.