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By Sarah Ayres:
By now we have all heard the latest in the months-long debate over reducing the nation’s deficit — barring a last-minute miracle, the congressional super committee tasked with finding at least $1.5 trillion in deficit reduction will fail to come to an agreement. Cue handwringing by pundits lamenting the inability of both Democrats and Republicans to compromise.
The notion that both sides share in the blame is an easy line for commentators to repeat, but it isn’t true. Time and time again, the only thing preventing an agreement on long-term deficit reduction has been the Republicans’ absolute refusal to consider any tax increases on high-income households as part of the solution.