Someone who calls themselves Electablog argues over on Daily Kos that liberals ought to be happier about the tax deal that Obama struck with Republicans because liberals got more of what they wanted than Republicans did. Electablog adds up the score and declares victory for the left, $500 billion to $75 billion.
I consider myself (mostly) a liberal, but I don't feel like a winner here. The left may have won, but the country has definitely lost. What both sides seem to have lost sight of is that the U.S. is rapidly careening towards national bankruptcy, and while $75B worth of extra revenue from rich people will not make much of a dent in a trillion-dollar deficit or a multi-trillion-dollar debt, it is worrisome that despite lofty rhetoric, neither the left nor the right seems to be taking the problem seriously. We are in a deep, deep hole, and this compromise just digs us in deeper.
What has just happened is rather like a married couple in deep debt arguing over whether they should cut their vacation or buying a new car. They compromise by deciding to go on vacation and buy a new car and charge it all to their already overloaded credit card. Maybe both sides feel like they've won, but as one of the people who is ultimately on the hook for paying the credit card bill, it doesn't make me feel any better. And you shouldn't either, because even if you don't live here I guarantee you will feel the pain if the U.S. goes under.