No matter how it happens, Obama won't be going over the cliff...<quoted text>
Going over the "fiscal cliff" is the only hope for bringing some sanity to the federal budget. Time to take the bitter medicine.
According to senior administration officials, Obama is not eager to go over the cliff, but he is willing. If no deal is reached by the end of the month, all the Bush tax cutsfor the rich and not-richwill evaporate. Obama would then demand in early January that the new Congress immediately pass legislation to reinstate the lower tax rates for the bottom 98 percent. Boehner and the Republicans presumably will find it difficult to say no and insist they will only vote for such tax relief if it includes breaks for the wealthy or cuts in Medicare and other government spending. As a Democratic strategist close to the White House says, "For years we've tried to make the case that the Republicans are willing to hold up tax cuts for 98 percent to help the guys at the top. This is the cleanest shot we've gotten at this."
but the republicans will be going all the way to the bottom.
They are so screwed.