Obama and the Second Term's Ticking Timebomb

Sept 24 -  By Charles P. Pierce at 4:03PM

Oh, Andrew. The willingness to believe in snow-white unicorns is so charming in a person of your brains and abilities.

Not that I don't take your speculations about a second Obama term seriously. I do. I take many of them so seriously that I positively dread the fact that you may be right. To wit:

Obama's previous position had been to favor a roughly 2.5 to 1 spending-cut to tax-hike formula, along with a return to Clinton-era rates on the very wealthy. He's also open to tax reform as a way to raise revenue while minimizing rate increases, as his own Simpson-Bowles commission recommended (after being torpedoed by Paul Ryan). So far, the GOP has refused even a 10 to 1 deal with no revenue increases at all.