As much as I’d like to say the entire thing stinks, that would be unfair. It’s merely that this most recent “deal with the devil” just MOSTLY stinks. It’s a tribute to the convoluted-by-design nature of our politics that there could be this many aspects (both positive and negative) in one measly bill.
Still, there are a number of things to consider, and Mary Katherine Ham covers several of ’em, such as:
—“I think some underestimate the Good of getting most of the Bush tax cuts extended permanently. Democrats never wanted any of them to be permanent, and indeed denied the existence of any Bush tax cuts for anyone other than the rich until two years ago when Obama suddenly discovered these tax cuts for the middle class.”
—“In the future, these rates for everyone under $450K are a better baseline for broader tax reform that we would have had if we’d persisted in renegotiating this deal in a new Congress, over the cliff, with a more liberal Congress.”
And, maybe most importantly:
—“Most of the American people truly do not understand the gravity of the debt problem, which is why Obama can trick them into thinking this is a solution. What we’ve got here is a failure to communicate.
The problem is …we must rely on Republicans to communicate.”
(Click on the headline to go to the article)