"In his weekly address Saturday, Obama said that Democrats and Republicans not only agree on middle-class tax cuts but the need to rein in spending, and used this to try to drive his position on the tax cuts.
'At a time when we are going to ask folks across the board to make such difficult sacrifices, I don’t see how we can afford to borrow an additional $700 billion from other countries to make all the Bush tax cuts permanent, even for the wealthiest 2 percent of Americans,' the president said. 'We’d be digging ourselves into an even deeper fiscal hole and passing the burden on to our children.'"
This seems worth fighting for. The tax cuts are better targeted at the middle class than the rich, even in a down economy, because the middle class will spend the money, doing their part to at least keep growth from bottoming out entirely. Couples making more than $250,000 -- yes, that's rich -- are more likely to save the extra dough. That's a virtue, but it's not the virtue their country needs right now.
And as politics: If Republicans want to hold a tax cut for the middle class hostage to a tax cut for the rich, let 'em. I'm certain voters will be paying attention.