Where is 'fiscal cliff' battle heading?
A.B. Stoddard breaks down debate
- Duration 3:15
- Date Nov 20, 2012
A.B. Stoddard breaks down debate
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So for more on the fiscal cliff politics if and when we can expect to see some kind of a deal let's bring in AB Stoddard associate editor and columnist for the hill.
This was all supposed to be so ludicrous that no congress no president would let it happen.
And here it is about to happen unless they can come to some kind of a deal are you an optimist AB.
Well I think I'm beginning to be an optimist but I'm reserving a right to change my mind.
We're not gonna see a deal as we have been saying it until after Thanksgiving I think we're gonna see it much closer to Christmas Eve there was put things off the last minute.
And the fight to the posturing that you're seeing you know broiling within both parties now -- between the two parties.
Are really about numbers that no one's put on papers said the real.
You know rubber meets the road moments are not gonna come -- and told us you know and Intel -- late December or present.
And Obama campaign on a platform is saying you know the rich can pay more so should anybody who earns more than say any any couple earning more than 250000 dollars should they expect.
But their taxes are about to go up.
Well there is -- talk about with.
-- increase revenue vs a raise in -- some maps with a big struggle that's going on right now the president is trying to.
Communicate to the Republican Party that he's open to finding an -- revenue.
To not have to raise rates if they can do -- he thinks it's impossible he says show me the map.
Republicans are saying that they are willing to go after taxes on the wealthy in different ways than raising rates in capping their deductions that they enjoy perhaps.
You know touching eligibility age for.
Certain earn -- for Medicare whatever that going after the people that Obama says need to pay without actually raising the rates.
That's again an interesting argument we just can't really gauge where it's going.
And handicapped where it's gonna land until people start putting pen to paper which both sides just over refusing to do.
And the reason is -- Republicans can't believe that they find themselves two weeks after the election.
Being force in a corner on raising revenue and trying to come up with the money when they are looking at.
Democrats who haven't put forth any spending cuts to you know to to exchange the sequester cuts for new ones.
And they're not talking about serious entitlement performance or Republicans don't want to give.
Until they see that from the other side and the democratic led senate hasn't even produced a budget in 13 years.
-- meantime the president wants to apparently.
Claim -- trillion dollars in savings from ending.
The -- -- in Iraq and Afghanistan and yet he's throughout the campaign season has said you know President Bush he blamed President Bush for putting those ought to credit card so how do you.
-- put a lot of credit guard.
To start the war and get the savings from them on the back it.
You know that's phony federal government math and I'm not a fan of -- but I have to tell you that both parties have agreed in the past he used that money and pretend that it is going to be a savings.
I think it was even part of the final agreement.
In July 2011 that blew up in what was supposed to be -- be great grand bargain that never came to pass so.
That is something that is there's been a bipartisan.
The -- in the cookie jar that isn't actually you know really legitimate savings that both parties have leaned on phony federal government map you've given me a -- -- to play it would probably be bringing out one back AB Stoddard.
Thank you from the hill thanks.