What's Wrong With a Win-Win-Win(-Lose)?

This past Friday, President Obama signed the kind of law that makes everyone happy… an extension of the Bush-era tax cuts. It’s a deal Republicans like because it keeps income, dividend, and capital gains tax rates relatively low for another two years. While Democrats like it for its extension of unemployment benefits, reduction of Social Security payroll taxes, and extension of tax credits for children, college tuition, and a variety of other items.

Perhaps best of all, as you can below, this unique win-win piece of legislation — that’s designed to make absolutely everyone happy — also makes the deficit leap with joy

The Daily Reckoning