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Obama will call for tax hikes on the rich with no meannigful cuts. Boehner will fight the tax hikes and push for spending/entitlement cuts that will never be agreed to.
They'll come up with a compromise that does little, makes everyone unhappy, and that kicks the can down the road.
Obama will give a little, Boehner will give a little. The media will say Obama is a compassionate genius and that Boehner is a heartless racist. Then, Obama will be awarded the Nobel Prize in economics, presumably for ensuring America's bond rating is no higher than that of Europe, because he doesn't want to hurt their feelings, and he doesn't want them to be lonely when they go down the drain. Hyperbole I know, but you get the point.
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