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Obama's legacy


President Obama has just days to decide, or reveal, whether he will be Santa Claus or the Grinch as an anxious nation speeds past our Christmas of crisis toward the fiscal cliff.
He can choose to offer up a deal large enough to resolve not only the first cliff but the second cliff — requiring us to raise the debt ceiling — with entitlement reform that is consequential enough not only to move Republicans on tax increases, but to steer Medicare away from insolvency and the nation’s political debate away from brinkmanship, for a while at least. Or Obama can offer proposals that don’t begin to cushion the blow of new taxes for Republicans and either take us over the cliff or get at best a last-minute patch with more treacherous triggers, the kind the world has watched our country consistently fail to meet since mid-2011.

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