Starting in January, my paycheck will be a few dollars fatter. That will be money that’s not currently in my budget—money left over after the bills are paid. That means that for each of the twelve months next year, my husband and I will be more likely than we would have been otherwise to dine out, buy a new pair of shoes, or splurge on a few lattés. (You’re welcome, Starbucks.)
Had the tax deal not been made, my taxes would likely have gone up, reducing my paycheck for each of the next twelve months. That would mean less disposable income for my husband and I to enjoy—and less revenue for local small businesses.
Multiply that by the millions of wage earners in this country, add the money the chronically unemployed will be able to spend thanks to the extension of benefits, and it begins to look as though the president has struck a pretty good deal. This whole thing is good for people and the economy.
Liberals are up in arms because the administration didn’t hold out for the Republicans to “cave” and agree not to continue to give the wealthiest Americans the very sweet deal that GW arranged for them. If these people thought the current GOP leadership was going to cave on anything—especially tax breaks for the rich—then I have just one question for them: Where have you been for the past two years?
See, here’s the difference between liberals and progressives: liberals are likely to stand on principle, whereas progressives are most interested in getting things done.
Both liberals and progressives tend to see government as an agency for serving and benefiting real, flesh-and-blood human beings—not for bowing to business interests in order to simply make the rich richer. So we tend to agree on many things.
In the final analysis, however, we progressives (however few of us there may be) really appreciate a pragmatic president—you know—one who actually gets things done.