From American Thinker:
The president and the speaker of the House are playing poker. The imagined stakes are whether we go over the “fiscal cliff” on January 1, 2013. The actual stakes are the direction of the country — whether we will see any GDP growth, put our people to work, and get out of the doldrums of the past four years, and whether the president will be able to demoralize the Republican Party and make it easier to take the country farther left.
There have been several good suggestions for compromise along the lines of Simpson-Bowles. (See for example Glenn Harlan Reynolds’s advice in USA Today.) However, even if the suggested strategy worked, which is not a sure thing, deficits would continue for many years into the future.
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