One by one, congressional Republicans are revoking their no-tax-increase pledges, opening the door to a fiscal-cliff compromise. Sadly, Democrats are just as quickly closing the door by calling for tax increases now and entitlement cuts later, if at all.
Democrats have good reasons (or so they think), beginning with their interpretation of President Barack Obama’s Nov. 6 victory as a mandate to raise tax rates on the wealthy while protecting the social contract. Also, liberal groups are making political trouble for Democrats by inciting seniors to oppose any and all cuts to Medicare and Social Security.
But if Democrats refuse to control entitlements, there will be no fiscal-cliff deal. Obama can put a quick end to this bickering. Instead of staging campaign-style events around the country to Login to read more