: (excerpts, emp add)
... there is broad agreement among critics [that] The unwillingness of the two parties to compromise to control a national debt that is rising to dangerous heights.
... Republicans are resisting President Obama’s call for a bipartisan commission to cut the debt, although recent studies have implicated the tax cuts and spending policies of the years after 2000 when they controlled Congress and the White House.
On Thursday, administration officials say, he will sign an executive order establishing the 18-member National Commission on Fiscal Responsibility and Reform. He also will name as co-chairmen Alan K. Simpson, a former Republican Senate leader from Wyoming, and Erskine Bowles, a moderate Democrat from North Carolina ...
Elected Republicans, however, are under intense pressure from their party’s conservative base to oppose any tax increases — a line in the sand that dims any prospects for bipartisan cooperation.
Privately, Treasury Secretary Timothy F. Geithner and other administration officials are courting Republicans with assurances of the administration’s sincerity about bipartisanship.
So much for making a partisan/political argument about what policies have led to this absurd situation. "Bipartisanship" is a political straightjacket that dooms the country from ever implementing sound policies.