Obama’s word is no good; he promised to close Gitmo, cut the deficit in half, ‘Dream Act’. If he’ll lie to his own, he’ll shellac the Reps and isn't trustworthy to ‘deal’ with here.
Take the Fiscal Cliff with Sequestration cuts to spending and tax hikes limited to Clinton era rates and no more which Obama wants.
$900 billion in cuts with half to DOD is livable. The Pentagon can close little needed bases in Japan, Kosovo, Germany, the UK, elsewhere and do just fine.
No matter what the Reps agree to, the Dems will blame them for whatever comes in the next 4 years. Obama won't accept Simpson-Bowles.
Take the Fiscal Cliff option; it’s ugly, but it’s the best deal the Reps will ever get in the next 4 years.