Baby Bust: That time boomers tried to do a Grand Bargain for the future and it all went bust.

President Barack Obama — technically a late-era boomer but more Gen X by personal temperament — attempted to strike a “grand bargain” with tea party-led Republicans and then-House Speaker John Boehner to address long-term entitlement sustainability and spending issues along with significant tax hikes. POLITICO's editor Carrie Budoff Brown expains how and why it all fell apart. Learn more about your ad choices. Visit megaphone.fm/adchoices