Paul Mirengoff finds that in the current secret negotiations with Democrats (why Republicans continue to negotiate with Democrats in private is still a mystery), President Obama has offered Republicans exactly nothing in terms of concessions. Here is Mirengoff's assessment of the latest "plan":
Tim Geithner presented John Boehner with the Obama plan for averting the “fiscal cliff.” According to the New York Times, Obama’s plan calls for $1.6 trillion in tax increases over 10 years, $50 billion in immediate stimulus spending, home mortgage refinancing, and a permanent end to Congressional control over statutory borrowing limits. President Obama would also agree to a goal of finding $400 billion in savings from Medicare and other social programs to be worked out next year, but with no guarantees.
In other words, to quote Michael Corleone, “My offer is this, nothing. Not even the money for the gaming license, which I would appreciate if you would put up personally.”
In his Friday column, Jonah Goldberg has another Godfather analogy:
Almost exactly a year ago, during the famed debt-ceiling negotiations, Speaker of the House John Boehner boasted that he’d forced tough concessions from the Democrats, achieving the first real cut in government spending in ages. He claimed his “real, enforceable cut” amounted to $7 billion for fiscal year 2012. The Congressional Budget Office objected, saying the real savings were closer to $1 billion.
“Which of these numbers is accurate?” asked columnist Mark Steyn at the time. Answering his own question, he wrote: “The correct answer is: Who cares?”
And he was right. At the time, the U.S. was spending $188 million of largely borrowed money every hour of every day. So, going by the CBO number, if you started watching the official Godfather trilogy box set right after the deal was cut, the government would have burned through its “savings” before Fredo went on his last fishing trip. If you went by Boehner’s math, you could actually watch the whole trilogy about four times before the “savings” ran out.
The logic contained in these lines bears repeating:
You could confiscate 100 percent of income over $1 million, and it would cover about a third of the deficit (and crush the economy in the process). You’d still have to deal with spending, particularly entitlement spending.
That, if anything, shows the unserious nature of the Democrats in dealing with the deficit. And the last thing Republicans should do is count on the supposed future cuts in spending. Shame they never seem to materialize.