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Kenai Capital Management’s Tres Knippa on the continued debate around the fiscal cliff.
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That now joining the company from Chicago -- -- -- -- with that -- -- -- capital management the headline of the day for a is that President Obama has drawn a line in the sand he says.
There ain't no deal on -- fiscal cliff unless.
You raise tax rates on the rich very important tax rates on the rich.
What do -- get -- well first of all in some ways you have to say that the big -- big spending.
Big government liberals are winning this debate.
Because they have -- framed the entire discussion about revenues listen.
Washington has a spending problem.
And as long as we kind of -- direct this discussion and we only talk about taxes then we never discuss them.
Discuss ending any meaningful reform entitlements we never discuss spending so.
Is so from this standpoint the left is absolutely winning this argument because that's what you -- -- are talking about right now tax revenue and this is not a revenue story it's a spending story.
Thank you Trent you all right so yet again.
Franken a -- thank you very much indeed well let's bring.
