Grand Bargain
n.— «The harder part will be trying to follow that up by creating what is coming to be known in Obama circles as a Grand Bargain: getting everyone to agree to clean up the nation’s budget mess in a really big way, one that doesn’t just fix the problems being created now, but also addresses the frightening long-term problems America was going to face anyway to pay for Social Security and Medicare in coming decades. For this Grand Bargain to work, all sides would agree to sacrifice some part of their agenda. The price they would agree to pay would be unhappiness—temporary, perhaps, but real—among their constituents and favorite special interests. Their reward would be a cure for problems everybody knows they’d have to deal with a few years down the road.» —“Obama Targets a ‘Grand Bargain’ to Fix Budget Mess” by Gerald F. Seib Wall Street Journal Jan. 16, 2009. (source: Double-Tongued Dictionary)
Further reading
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