NEW YORK TIMES: …But the dirty secret — a phrase used independently, and privately, by people in both parties — is that neither side wants to take the actions it demands of the other to achieve a breakthrough.
That is, many Republicans are no more interested in voting to reduce Medicare and Social Se
curity benefits than Democrats are, lest they threaten their party’s big advantage among the older voters who dominate the electorate in midterm contests like those in 2014.
And Democrats are no more eager than Republicans, with control of both houses of Congress up for grabs, to vote for the large revenue increases that a grand bargain would entail. They do not want to limit popular but costly deductions, as Mr. Obama and past bipartisan panels, like his Simpson-Bowles fiscal commission, have proposed. That is especially true for Democrats from states, like California and New York, where affluent voters value deductions for mortgages on first and second homes, charitable giving, and state and local taxes… (more)
