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Why Not Just Go Over the Fiscal Cliff?

Askia Muhammad | 11/14/2012, 11:42 a.m.

"So stand your ground, Mr. President, and don't give in to threats. No deal is better than a bad deal," says Krugman. I agree.

But we all know the president is an accommodating fellow when it comes to dealing with the tough-as-nails Republicans. When dealing with recalcitrant Republican lawmakers, this president seems to have a gift for snatching defeat from the jaws of victory.

In the past, even when the administration has bent over backwards to reach a compromise, House Speaker John Boehner [R-Ohio] - fearing the hot breath of extremist Rep. Eric Cantor [R-Va.] who is ostensibly his second in command breathing down his neck - Boehner has pulled out, even probably when he wanted to cut a deal with the president and be done with it all.

So while all the attention now is on the fiscal cliff where the president has all the leverage, in just a few short weeks into 2013, the debt ceiling crisis will again rear its ugly head, and unless the president brings the GOP to heel now in these negotiations, they will have him over the proverbial barrel by February.

So, I say, as Krugman has said: "stand your ground, Mr. President, and don't give in to threats. No deal is better than a bad deal." Let's go over the fiscal cliff if necessary, but don't surrender your political capital to those who want to bury you in it.