Ezra Klein, at The Washington Post writes:

As I understand it, the GOP has five basic goals in the budget talks: 1) Cut the deficit. 2) Cut entitlement spending. 3) Protect defense spending, and possibly even increase it. 4) Simplify the tax code by cleaning out deductions and loopholes. 5) Lower tax rates. The White House is willing to cut a deal with Republicans that will accomplish 1, 2, 3 and 4. But Republicans don’t want that deal. They’d prefer the sequester to that deal. That means they will get less on 1, basically nothing 2, 4, and 5, and they will actively hurt themselves on 3. So, rather than accomplishing four of their five goals, they’re accomplishing part of one. Some trade. Also, watch this bullshit: