Tuesday, January 1, 2013

The "fiscal cliff" compromise

There are a lot of posts I see, from various liberal commentators, complaining that President Obama gave up too much. And there are a lot of posts I see on the other side, saying that the Republicans gave up too much. The fact that we see both of these means it's probably a good sign. There is still a necessary vote in the House of Representatives, of course, so it's not a done deal. But it's quite obvious that neither side can get all it wants. And I think that when both sides start off as far apart as they were, it can only be a good sign that both sides are unhappy.

There were a lot of issues, of course, that were not settled — kicking the can down the road a while. But with less of a time crunch, perhaps some compromise can be attained on these too — but even if not, the worst of the “fiscal cliff” crisis has been averted.

The only way a better solution could have been reached was if Mitt Romney had been elected to the Presidency. So under the circumstances, this was the best that could have been hoped for. And thanks to Vice-President Joseph Biden and Senate Minority Leader Mitch McConnell for negotiating it.

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