Once again, Clive Crook combines solid fiscal sense with political obtusity. Hammering the obvious need for tax reform and tax hikes in response to the U.S. structural deficit, he accuses Obama of a lack of political courage for not endorsing Bowles-Simpson or laying out a revenue-raising plan of his own. But Crook's argument carries the seeds of its own refutation.
Crook acknowledges the political realities that make it impossible for Obama to get anywhere if he unilaterally proposes the tax hikes the country needs -- even if those hikes come from radically reducing targeted tax breaks while cutting marginal rates: