Treasury Secretary Timothy Geither told CNBC Wednesday that Republicans are "making a little bit of progress" in "fiscal cliff" talks but said the Obama administration was "absolutely" ready to go over the cliff if the GOP doesn't agree to raise tax rates on the wealthy.
"I think they're making a little bit of progress," Geithner said. "They're clearly moving and figuring out how to try to move further."
But Geithner said the White House would "absolutely" go over the fiscal cliff — triggering over $600 billion in automatic spending cuts and tax increases — unless tax rates increase on the top 2 percent of wage earners.
Oh good.
Let's do it Turbo!
Going "over the cliff" would do a lot to demonstrate exactly how much lying our government has been doing over the last four years and directly put hard numbers to the impact of deficit spending and the abject fraud that it represents in the economy. Of course it would only be about half of the actual impact, but most Americans are still smart enough to multiply by two.
So Turbo, tell your boss this -- and go with him.
