Wednesday, February 15, 2012

The Payroll Tax Deal is a Disaster for the GOP

Off the top of my head:

1. Instead of being able to campaign against the president's fiscal irresponsibility, the Republicans decided to join him in it.

2. It legitimizes the idea of economic stimulus.

3. Tens of billions of dollars in new debt.

4. By increasing the deficit, the deal will inflate demand for government services and benefits, which will undermine the Republican Party's electoral competitiveness and its ability to enact public policies that reduce the size and scope of federal government's domestic policy programs.

Given both parties' utter unwillingness to face up to the country's evident fiscal problems, I can't help but conclude that this pretty well sums up where things stand:

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