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Geithner: No Agreement "Without Rates Going Up"

olerocker/bluesman Wrote: Dec 02, 2012 6:15 PM
The House has the power to shut down everything, in fact obabacare would be an excellent start, but have no stomach to say NO.......makes one wonder if ther are repubs or just attorneys with no job graduated 399 out of 400......
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...