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By: Patrick J. Buchanan
Published by: The American Conservative
(WIRE/TAC) Though President Obama has run rings about the Republican Party in the debt-ceiling debate, that party can yet emerge victorious, if it will stick to its guns.
Clearly, the Republican strategy was not thought through, when the party chose the debt ceiling as the legislative terrain on which to fight its fiscal war.
The president had wanted a clean debt-ceiling increase, but he seized the GOP challenge with alacrity. He invited House Speaker John Boehner and Majority Leader Eric Cantor down to the White House and reportedly offered $3 trillion in spending cuts for $1 trillion in fresh revenue, in a historic big deal to cut the deficit.
However, the cuts the president offered were, while attractive, gauzy. But the revenues closing loopholes and ending tax breaks for the rich were hard and specific. Had Boehner accepted the deal, he would not have survived as speaker. Fully 235 GOP House members signed a pledge in 2010 not to vote for any tax increase.
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