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He then fantasizes that a "center-right" President Mitt Romney might achieve a grand compromise of tax increases on the wealthy and modest entitlement reform.
Although his latest offer to Republicans involved only the most modest entitlement reforms, it seems safe to assume that he has left himself some bargaining room.
You can understand why Republicans, after decades of being demagogued for proposing even modest entitlement reforms, would relish the chance to turn the tables.
"If the president believes these modest entitlement savings are needed to help shore up these programs, there's no reason they should be held hostage for more tax hikes," Mr. Boehner said in a statement.
WASHINGTON — The speaker of the House, John A. Boehner, waved aside reports on Friday that President Obama would seek a new budget compromise next week, accusing the president of again demanding tax increases in exchange for "modest entitlement savings".
But this requires making difficult choices to address the funding gaps in Social Security and Medicare, and on this Mr. Obama has flinched, setting aside the recommendations of his own Bowles-Simpson fiscal commission and instead putting forward only modest entitlement reform proposals — enough for a talking point but by far not addressing the imbalances.
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The British, Dr. Schroeder said, seem to have a more modest sense of entitlement.
The amount may have been modest but the entitlement spanned three centuries, illustrating just how long pension commitments can last.A pension promise can be easy to make but expensive to keep.
The Cantor-Biden talks ended two months later, and Obama and Speaker John Boehner worked until July to reach a "grand bargain" of modest tax hikes, entitlement reforms, and spending cuts.
The modest cuts to entitlements are sensible, but when a budget reduces revenues on this scale, it is hard to take the claims of fiscal discipline seriously.
More important, the country has time to make the relatively modest cuts in entitlements or increases in tax needed to balance the budget.American capitalism is as spirited as ever.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com