Yes yes yes. I’ve said it here and I’ve said it often. Nail them to the wall.
Who is in charge here, anyway? That, more than sequestered spending or how much we raise in new taxes, will be the most important question resolved by this “fiscal cliff” stand-off between President Obama and the GOP.
More than Republicans and Democrats forging an elusive consensus on shrinking the nation’s deficit, the real question before the country in these debates over debt is whether the American Republic has within it the will and the means to make its most powerful elites pay “just a little bit more,” as the President likes to say, at a time when those elites are determined to resist. And as we sit here today, the jury on that question is still out.
The power to tax may be the power to destroy, as the old saying goes. But as historian Francis Fukuyama reminds us, the reverse is also true: “Scandalous as it may sound to…
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