Okay now look. I don’t like raising taxes. I don’t even like taxes in the first place. But I also know when it’s time to compromise. When “not raising taxes” also means “wrecking the entire global economy,” then guess what? It’s time to compromise. Compromise is what you do when you don’t have the political power to get everything you want.
Democrats want a tax increase along with spending cuts. And guess what? They control the Senate and the White House. Not inconsiderable resources, those. They’re going to get a tax increase. They’re allowed to get some of what they want, because that’s just how a compromise works.
So hey, Republicans — I know I’ve been harsh on you in the past. Still, I have a very difficult time believing that you’ll actually destroy everything. So, um, just don’t destroy everything, okay? I’d rather have some of my money go to the government than have all of my money be worthless. There’s still some time left to stop it, even.
For a long time I didn’t sweat this issue, because I figured it was all just theatrics. And it could very well still be. But what I saw last night didn’t inspire much confidence. (Of course, if it were just theatrics, that’s precisely what they’d do, and it’s not like I have any inside information.)