TightWind is written by Kyle Baxter. Stay Hungry. Stay Foolish.

Keith Hennessey on President Obama’s fiscal cliff proposal:

The Super Committee failed, so the spending sequester is scheduled to begin one month from now.

The President, most Democrats and many Republicans in Congress want to reduce or delay the sequester.

The President proposes a one-year delay, which would increase the deficit by $109 B in 2013. He wants to enact (in December) mandatory savings of an equal amount, but he proposes no specifics.

In this offer he promises Republicans that the tax reform and entitlement reform that they so desire will be backed up by the threat of, wait for it, the sequester that will begin in early 2014.

See anything wrong with this logic?

Taxes now, spending cut negotiations later.