The governors and the president needs the other. Each side has a (possibly perverse) stake in the other’s success. Each would also be wise to make some concession, if for no other reason than to provide their counterpart with a dignified path to compromise during the second Obama term.

It’s hard not to think about the movie “Thelma and Louise” with all the dire predictions about the coming”fiscal cliff.” House Speaker Boehner and President Obama may be our modern day Thelma and Louise, playing a little chicken with us all, with Obama proposing some pretty dramatic solutions and Boehner and the Republicans offering little except “no” to tax rate increases and raising the Medicare eligibility age.