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WASHINGTON — The titanic struggle over how to reach a broad Congressional tax agreement is not just the latest partisan showdown, but rather the culmination of two years of escalating fiscal confrontations, each building on the other in its gravity and consequences.
Realists also like to point out that when the United States has big fiscal confrontations — for example, over the debt ceiling in the summer of 2011 — it tends to destabilize the rest of the world more than it hurts the United States.
Indeed, there's not as much of a premium on those skills now as the nation's attention has turned from bank bailouts to fiscal confrontations and brinkmanship.
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On Wednesday, they agreed to postpone this particular piece of the fiscal confrontation, but only until May.
As for the next fiscal confrontation — over a longer-term increase in the nation's debt limit, which is essential for the government to borrow to pay existing obligations — the poll had some of its only good news for Republicans.
But the tactics of fiscal confrontation – primarily from the right of the political spectrum – make sense only if the relevant politicians, advisers and donors firmly believe that the American financial position in the world is unassailable.
The 230-to-189 party-line vote in a bitterly divided House set in motion a fiscal confrontation with significant implications — politically and economically — but with an uncertain ending.
Republican leaders backed away from a risky fiscal confrontation with the White House on Tuesday, relying almost entirely on votes from their Democratic opponents to pass a bill to increase the debt ceiling.
The United States faces a serious fiscal crisis not because of the continuing sequester or the partial government shutdown per se, but rather because of what those experiences indicate about what will be considered acceptable tactics in the imminent fiscal confrontation over raising the debt ceiling.
As Mr. Boehner digs in for a tense fiscal confrontation with President Obama, the strong embrace from a broad spectrum of the rank and file may empower him as he tries to strike a deal on spending cuts and tax increases that spares the country a recession, without costing Republicans too much in terms of political principle.
OK, if there's one thing the fiscal cliff confrontation isn't, it's a "debt crisis".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com