CNBC
Geithner: WH will “absolutely” go over the fiscal cliff without tax hikes
“I think they’re making a little bit of progress,” Geithner said. “They’re clearly moving and figuring out how to try to move further.”
But Geithner said the White House would “absolutely” go over the fiscal cliff — triggering over $600 billion in automatic spending cuts and tax increases — unless tax rates increase on the top 2 percent of wage earners. …
Geithner, who is the Obama administration’s lead negotiator in the cliff talks, added that if Republicans are willing to accept higher rates, “we think we can do something really good for the economy. We can make the government use the taxpayers money much more efficiently, lock in some spending savings and do some long-term reforms to entitlements.”
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davidk on December 5, 2012 at 10:13 PM
Looks like the regime wants to go over the cliff – I guess they just don’t really care who that will hurt.
Galt2009 on December 5, 2012 at 10:14 PM
Let it burn. I’ve gone over to this IDE of the argument. Leftists won’t learn until the whole darn thing collapses around us.
Charlemagne on December 5, 2012 at 10:14 PM
This country is a fluking joke.
jawkneemusic on December 5, 2012 at 10:14 PM
Darn iPad.
Let it burn. I’ve gone over to this side of the argument. Leftists won’t learn until the whole darn thing collapses around us.
Charlemagne on December 5, 2012 at 10:15 PM
Geithner just handed the GOP a club. Boner to punish anyone in the House who dares to use it in 5,4,3,2….
xblade on December 5, 2012 at 10:19 PM
Burning in the Windy City: Off-duty corrections officer among 11 shot Monday night, Tuesday morning
davidk on December 5, 2012 at 10:19 PM
davidk on December 5, 2012 at 10:22 PM
You seriously think they’ll learn then? Socialist, Communist, and other totalitarian regimes have collapsed over and over and over again throughout history. The lesson that the leftists take away from that is not that they don’t work, but that they just weren’t done “right.” They always remain convinced that if only they could do it, they could make central economic planning work.
Sure, it might collapse around Obama, Pelosi, and Reid. But even as we rebuilt, there would be a whole new cadre of leftists arguing that socialism will still work if only we don’t make the mistakes “they” did.
Leftists will NEVER learn. They simply must be defeated.
Shump on December 5, 2012 at 10:32 PM
He’s a liar, or a fool. You decide.
Paul-Cincy on December 5, 2012 at 10:37 PM
If I were the GOP, I’d start making noise about how the GOP will destroy your country and there’s nothing that Obama or the Democrats or the media can do to stop it. Then when the train goes off the rails and the media start pointing fingers, I’d say “I told you. Your Obama is worthless. He couldn’t even stop the last tiny remnant of a 19th-century political party from totally collapsing the economy. Obama should have won this fight. He failed. Oh well. We tried to warn you this would happen.
Aitch748 on December 5, 2012 at 10:40 PM
On the fiscal cliff side we have a combination of 600 billion and spending cuts and tax increases. On Obama’s side we have 1.6 trillion in tax increases and an addition 250 billion in additional spending with spending cuts to be negotiated later. I opt for the fiscal cliff in the long run it will be better for the nation.
chemman on December 5, 2012 at 10:42 PM
Then why is the GOP even playing charades with them? Meanwhile, China is licking its lips.
SouthernGent on December 5, 2012 at 10:50 PM
We are already over the cliff.
Valiant on December 5, 2012 at 10:55 PM
Let’s do it then. Go for it, Timmy.
Ward Cleaver on December 5, 2012 at 10:59 PM
It’s like the old question, “Where were you when you jumped off the cliff?”
“In the air.”
“No, that was after you jumped.”
“Well, I was on the cliff.”
“No. That was before you jumped.”
davidk on December 5, 2012 at 11:01 PM
Just go, you and Obama first, heads down.
Schadenfreude on December 5, 2012 at 11:54 PM
Yep. Don’t go digging in your heels thinking the Democrats will go chicken at the last minute and make a deal. They won’t. And they will blame Republicans for what happens.
crosspatch on December 6, 2012 at 1:19 AM
So it’s either this or tax increases with no cuts. OK, go over the cliff.
Ronnie on December 6, 2012 at 2:00 AM
I still remember the good old days. When only the top one-percent were the class enemies…
Good times ahead.
The Resolute Desk on December 6, 2012 at 2:25 AM
How does collecting more taxes from high income earners which covers only 8 days of deficit spending cause the government to work more efficiently? And the extra icing on the cake is that our imperial grand ruler wants to increase spending in the amount of 12 days of deficit spending. He is an evil man who is destroying our country.
karenhasfreedom on December 6, 2012 at 4:51 AM
Go for it!
albill on December 6, 2012 at 6:20 AM
The Republicans are going to get blamed no matter what happens. Go for it.
ctmom on December 6, 2012 at 7:29 AM
Put Obama’s plan up for a vote in the House and promise to vote PRESENT.
Expose Obama, the fraud.
blink on December 6, 2012 at 7:53 AM
… And we will still blame the Republicans.
Gatsu on December 6, 2012 at 7:54 AM
Sure the GOP will be blamed. They will be blamed no matter what happens. In 10 years, no one will remember Boehner and McConnel but they will remember how crappy the economy was when Obama was president.
rhombus on December 6, 2012 at 8:08 AM
Pretty much.
visions on December 6, 2012 at 8:27 AM
It doesn’t. It’s simply taking from those who have to give to those who don’t. It’s a socialist’s idea of “equality” and “fairness”. It has nothing to do with reducing the deficit or balancing a budget.
Soon, we’ll reach socialist utopia where we are all equally poor and miserable … except for the socialist leaders of course, who are fabulously wealthly and powerful. Always two classes under socialism: the poor and the uber rich and powerful.
darwin on December 6, 2012 at 8:44 AM
I’d rather have ‘fairness’ than ‘revenue’.
— B. Obama
Washington Nearsider on December 6, 2012 at 10:18 AM