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Forbes opinion editor John Tamny thinks that ultimately a temporary deal will be made on the fiscal cliff.
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So much for the call take a look at this there are only not -- days left until the US goes over the fiscal -- And half fare -- representatives in congress are only scheduled to meet for twenty of those today is.
But to make of this John -- name knows he's heard opinions at a very joins us now from Washington DC will we avoid this John because.
Our advice seems to be it not so worried about it but should -- given the amount of time on -- My sense is that will avoid it just -- as politicians have not permit.
Opportunistic -- they don't wanna cut spending this would force automatic cuts in their building to consume capital.
And I think they're also is even among Democrats and a belief that this would be the wrong time to raise taxes on the productive.
In society so I think ultimately they're going to come to a deal.
But what -- that deal look like it would just be a temporary extension of everything.
Because again and particularly this -- sides are drawn out over the income tax increases for wealthier Americans.
Yet my guess is going to be something temporary politicians loved to fix something down the road and so I think that they'll get something temporary in place.
So that the debate -- all the rhetoric can continue into the new year but my strong sense is they won't do you want that they won't let this -- because they don't want to have spending cuts forced -- About the payroll tax.
Cut that so many Americans have been to wait out of the last two years that that will almost definitely go level -- not.
I think so does it doesn't look like there's much desire on either side to extended and doesn't look like they're going to turn it into something political and -- my guess is that goes.
But it's going to really be hard when you think about the economy were in right now.
How can you tell individuals and it that we are going to raise the price of war com right now we need more -- -- to raise taxes and increase that price.
It be -- bad it's bad timing I think both sides are ultimately going to agree on that but.
What about that it's nevertheless because we're looking at this calendar were twenty days left at -- just for the representatives to deal with -- why is cents.
I'm certain they why isn't that it why isn't there any nervousness that would impact the economy in the days leading up to the end of the year.
What's entirely possible that you'd almost think that if if the economy or if the markets thought that -- are going to let us reach the -- the cliff and go over it.
You'd see a lot of forward economic activity so that he can be taxed at the lower rates in the fact that you're not seen it.
Suggest the markets think that went when we get the final days the -- actually come to a deal.
Unless we forget just a little over a year ago.
It was said that we are days firm government default adults when they came to a deal I thought it was a bad one but I I think will be the same this time.
John good to see as always thank you so much and -- John -- fourth.
