Treasury Secretary Tim Geithner: No Deal Unless Republicans Capitulate on Raising Tax Rates – Video 12/2/12
Here is video of Obama Treasury Secretary Tim Geithner on CNN yesterday showing which side is truly intransigent in the “Fiscal Cliff” negotiations. Geithner admits Republicans have said they are willing to “raise taxes,” but flatly says “there will be no deal” if Republicans are unwilling to raise “tax rates.” It’s not more revenue Obama is after, it is making Republicans capitulate to his every demand that he wants. So far, Obama has put no serious proposal forward to cut spending. In fact, Obama was another Stimulus spending provision to go along with higher taxes.