In response to:

Geithner: No Agreement "Without Rates Going Up"

oldervoter68 Wrote: Dec 02, 2012 12:50 PM
My gosh! Zeroing the defense budget won't balance the total budget. How many times have we heard from the left that all that needs to be done to balance the budget is to cut defense spending? Thanks for the figures!! (of course, they will fly right over the heads of the lefties).
In one of his appearances on today's Sunday talk shows, Obama Treasury Secretary Tim Geithner made a hard stand about increasing tax rates on high income-earners and small business owners, insisting that there is to be no deal without rates rising.

In an interview with Candy Crowley on CNN's State of the Union, Geithner claimed that the Obama Administration proposal, which includes various spending provisions intended as economic stimulus, had "huge support in the business community" and that it would be "good for the economy."

The Congressional Budget Office's analysis of the fiscal cliff projected that up...