How a Grand Bargain Could Still Happen

March 04, 2013

How a Grand Bargain Could Still Happen

First Read notes that "if everyone gets a break and if the sequester cuts do have impact in the next few months, count us as ones who are a bit optimistic that a Grand Bargain on the budget could be reached in September."

"Yes, we know that a Grand Bargain has been harder to find than the Loch Ness Monster. But here's how it could happen: After some breathing room, after both parties let their budget processes play out, and after evidence that the U.S. economy has been negatively impacted by the sequester, both sides could determine that a Grand Bargain is in their interest -- Republicans decide they really, really want entitlement reforms and are willing to put up some additional revenue; Democrats decide they really, really want additional revenue and are willing to put up additional entitlement reform. And in September, the president and Democrats will have this response when Boehner and Republicans say, 'The president got his tax increases.' They'll be able to say, 'The Republicans got their spending cuts.'"

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Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

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March 04, 2013