What would it look like if the president was offering such leadership? First, he’d be proposing a deficit-cutting plan that matches the scale of our problem — one with substantial tax reform and revenue increases, a gasoline tax, deep defense cuts and cutbacks to both Social Security and Medicare. That is the Simpson-Bowles plan, and it should be Obama’s new starting point for negotiations. The deficit plan Obama put out last September is nowhere near as serious. “It is watered-down Simpson-Bowles,” said MacGuineas. “Most people don’t even know it exists.”
Second, he’d offer a plan in which the wealthy have to pay their fair share and more, because they’ve had a great two decades. But everyone, including the middle class, has to contribute something. This has to be a national effort. Third, he would offer a plan that is aspirational. It would not just be a roadmap to balancing the budget but to making America great again through reignited economic growth.
My gut says that if the president lays out such a plan — one that begins with him taking all the political risks on himself and then demanding the G.O.P. and his own party follow — he will be both defining himself and the future in a way that would earn him so much centrist support and respect that it would leave every possible Republican opponent in the dust, no matter how obstructionist they are or want to be.
Go big, Mr. President. You will win, and so will America.
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