December 30, 2012

THE PROBLEM IS THE DEFICIT, NOT THE CLIFF WHICH WILL CUT THEM:

Obama: "One way or another, we'll" solve "fiscal cliff" (AKE MILLER, LINDSEY BOERMA, 12/30/12, CBS NEWS)

Two days before the "fiscal cliff" deadline, lawmakers and aides are working around the clock to cement a deal before across-the-board tax hikes and spending cuts land at the start of the New Year.

Most of the players have projected confidence that some form of a deal remains in reach. "One of two things is going to happen when it comes to the fiscal cliff," predicted President Obama today on NBC's "Meet the Press." "Number one, we're going to see an agreement in the next 48 hours, in which case, middle-class taxes will not go up. If that doesn't happen, then Democrats in the Senate will put a bill on the floor of the Senate, and Republicans will have to decide if they're going to block it, which will mean that middle class taxes do go up. I don't think they would want to do that politically, but they may end up doing it."

If all else fails, said Mr. Obama, "then we'll come back with a new Congress on January 4 and the first bill that will be introduced on the floor will be to cut taxes on middle class families."

There's nothing in a deal to avoid the cliff for the GOP.  
Posted by at December 30, 2012 2:28 PM
  
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