Moreover, many important Democrats are open to a truly large budget deal. The Senate majority leader, Harry Reid, has talked about supporting a debt reduction measure of $3 trillion or even $4 trillion if the Republicans meet him part way.
If the Republican Party were a normal party, it would take advantage of this amazing moment. It is being offered the deal of the century: trillions of dollars in spending cuts in exchange for a few hundred billion dollars of revenue increases.
A normal Republican Party would seize the opportunity to put a long-term limit on the growth of government. It would seize the opportunity to put the country on a sound fiscal footing. It would seize the opportunity to do these things without putting any real crimp in economic growth.
The party is not being asked to raise marginal tax rates in a way that might pervert incentives. On the contrary, Republicans are merely being asked to close loopholes and eliminate tax expenditures that are themselves distortionary.
But we can have no confidence that the Republicans will seize this opportunity. That’s because the Republican Party may no longer be a normal party. Over the past few years, it has been infected by a faction that is more of a psychological protest than a practical, governing alternative.
And then there is this - which is exactly what I argued in my last piece of commentary in the Post:
The members of this movement have no economic theory worthy of the name. Economists have identified many factors that contribute to economic growth, ranging from the productivity of the work force to the share of private savings that is available for private investment. Tax levels matter, but they are far from the only or even the most important factor.
These harsh realities are what make it so difficult for rational and pragmatic moderates and independents to support the GOP these days. This ideological rigidity - one which has basically made the Republican Party subservient to the demands of one man named Grover Norquist - is not good for America. While it is easy to simply criticize spending and cross their arms over their chests about taxes, the GOP leadership is ignoring the role of governing. The government needs to govern - not refuse to do anything.