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Minutes earlier, House Democratic leader Nancy Pelosi of California argued that Obama and Congress already cut spending in budget battles of the past two years. Now, she said, Republicans want further spending cuts to address most or all of needed deficit reduction.
"At some point you are cutting the seed corn of our future," Pelosi told reporters, adding, "You're not going to reduce the deficit by ... only cutting your way to it because you will cut the prospects for job creation, which produce revenue."
and there you have it. Why are the greedy, evil, rich loving republicans holding out? Because if they agree to raise taxes on UPPER MIDDLE CLASS people, the Dems will never come back to the table to negotiate fixing this mess. they will celebrate that they avoided the fiscal cliff and raised tax on the rich and kick the can down the road. and spence will think its cute and 90% of Americans wont have a clue.
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