Read this at lunchtime, seems a like a coherent and accurate point. Thoughts?

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The Simpson-Bowles plan would have simplified the tax code and lowered rates. It would have capped the size of government. According to the Bipartisan Policy Center, it would have brought the federal debt down from 73 percent of the nation’s gross domestic product today, to 67 percent of G.D.P. in 2022.

Ryan voted no for intellectually coherent reasons. He argued that the single biggest contributing factor to public debt is the unsustainable growth of Medicare. Yet the Simpson-Bowles plan did nothing to restructure Medicare, and it sidestepped health care issues generally. Ryan said that it was silly to come up with a debt-reduction proposal that didn’t fix the single biggest driver of the nation’s debt.

This is the sort of argument that makes a lot of sense in a think-tank auditorium. The problem was there were almost no Democrats who endorsed Ryan’s Medicare reform ideas. If Ryan was going to pinion debt reduction to Medicare reform, that meant there would be no debt reduction.

But Ryan had another way forward, noting: We’re going to have an election in 2012; the country will choose between two different visions; if we Republicans win, we’ll be able to reform Medicare our way and reduce the debt our way.

In other words, Ryan was willing to sacrifice the good for the sake of the ultimate.

In order to get this ultimate solution, though, Ryan was betting that three things would happen. First, he was betting that Republicans would beat President Obama. Second, he was betting that Republicans would win such overwhelming Congressional majorities that they would be able to push through measures Democrats hate. Third, he was betting that a group of Republican politicians would unilaterally slash one of the country’s most popular programs and that they would be able to sustain these cuts through the ensuing elections, in the face of ferocious and highly popular Democratic opposition.

To put it another way, Ryan was giving up significant debt progress for a political fantasy.

Ryan’s fantasy happens to be the No. 1 political fantasy in America today, which has inebriated both parties. It is the fantasy that the other party will not exist.