In response to:

Both Sides Must Give Ground To Avoid Fiscal Cliff

RodT Wrote: Nov 19, 2012 10:13 AM
Except due to the malfeasance of Congress, the cost our debt must now be added to our on-going costs of govt. Congress is borrowing money to pay the interest on the money they have borrowed and spent, now they want more taxing? They should be run out of town in a rail, covered in tar and feathers, IMHO. Not given more tax money to make it worse.
In his first formal press conference in months, Barack Obama showed that getting re-elected can increase a president's confidence and combativeness. He staked out tough stands on several issues, especially on the looming budget negotiations.

Looking ahead to the "fiscal cliff" on Dec. 31, when the 2001 and 2003 tax cuts expire and sequestration cuts government spending sharply, Obama demanded $1.6 trillion of increased revenues as part of any budget bargain.

That's twice the number he and Speaker John Boehner agreed on in the grand bargain talks in the summer of 2011.

Those talks fell apart when Obama telephoned Boehner and raised his demand...