The truth is there is no fiscal cliff. It is a makeup pending crisis designed to get Obama re-elected and a tool for increasing taxes on everyone. You thought it was just the"Rich" who were going to get soaked... YOU WERE HOSED !!!
The President who once claimed that he wanted to unify the country has a funny idea of how to make peace. Treasury Secretary Timothy Geithner told CNBC that the White House is "absolutely" ready to careen over the fiscal cliff if they don’t get their way on taxes for the wealthy.
If Republicans recognize this basic reality, that rates are going to have to go up as part of a balanced plan... we will be prepared to do a substantial amount of meaningful reforms on the spending side, including entitlements. We think there's a lot of room for movement on that side, provided there's that recognition.