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Geithner: No Agreement "Without Rates Going Up"

Ress Wrote: Dec 02, 2012 12:55 PM
We have minimum wage laws for the benefit of politicians who win by deceiving the public and creating government dependency, and unions that want to reduce competition from lower paid workers. The losers are everyone else.
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...