NOW OBAMA WANTS A BIGGER DEAL ON DEBT.

Here’s the deal: The spending cuts need to be up-front, not in the never-to-arrive “out years.” If they’re not put in place before 2012, they won’t happen.

But as for tax increases, I strongly recommend that the Republicans — now that they’re showing “flexibility” on the subject — include my excise taxes on entertainment-industry products, and my 50% surtax on post-government employment income for government officials. In the name of fairness!

UPDATE: Republicans Have No Plan B. Well, they’d have one if they read InstaPundit! Or listened, anyway.