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Over the cliff!

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The House made a $2.2 trillion counteroffer to President Obama in ongoing fiscal cliff negotiations. Speaker Boehner delivered a letter to President Obama on Monday which detailed the offer. Included in the conversation was a combination of $2.2 trillion in spending cuts, entitlement reform and a promise of $800 billion in new tax revenue. Speaking on the offer, Congressman Boehner said, “We are putting forward a credible plan that deserves serious consideration.” “More and more I’m convinced Democrats want to go over the cliff,” began Hannity on Monday’s show, “What the Obama Administration has said, through “Tax Cheat” Geithner, is that they’d rather just go over the cliff.” “Republicans need to stand on their principles,” continued Hannity, “If you look at what the Democrats want to do, they want to raise taxes on the wealthy but if you simply confiscated all the savings from the Bush tax cuts, we’d only be able to fund the government for eight days!” Reading more details behind the House’s proposal, it seems that Congressman Boehner, in concert with Congressmen Cantor and Ryan, have put forth a real effort to sacrifice some principle in an effort to reach a real argument. For more details on the deal on the table, click here.

Howard Dean: Go Over the Cliff
Last week former DNC chairman Howard Dean made the crazy suggestion that America goes over the fiscal cliff. “We will get the most deficit reduction if we do the fiscal cliff,” mentioned Dean, “I actually think the markets will reward the fiscal cliff over a period.” Sean brought Ann Coulter and Huffington Post’s Ryan Grim on the show to debate this strategy. “Doesn’t the President need to deal with entitlement reform,” asked Hannity,” Isn’t that the bulk of the debt?” “I think we need to worry about the health care system,” responded Grim, “I don’t think we need to deal with entitlement reform now, that’s what is driving the Medicaid and Medicare issues.” “I think there’s an answer here,” offered Hannity, “The Congressional Budget Office predicted a recession in 2013 if the fiscal cliff goes through and we don’t have spending cuts.” “If you want the cost of any good or service to go down, you turn it over to the private sector,” laughed Coulter, “Even commercial air traffic has gotten better when the government isn’t involved and the last thing you want to do is raise taxes.” Coulter made the most interesting argument when she pointed out, “This isn’t a tax on the wealthiest, look at John Kerry who hasn’t earned income a day in his life, no, this is a tax on those people who’re engaged in some sort of profitable enterprise.” The fiscal cliff represents more than just the obvious need for America to cut spending and balance a budget; it represents a crossroads for the direction of American culture and the future of the American dream. Ultimately, spending more than you take in can never work and yet people like Howard Dean continue to think it can. To listen to Sean’s entire interview with Coulter and Grim, click here.

Pat Buchanan
Sean was joined by Pat Buchanan, never somebody who shies from controversy, to discuss his latest controversial criticisms of President Obama. “President Obama’s latest offer on the fiscal cliff negotiations was an offer of contempt,” offered Buchanan, “What Boehner should do is extend the Bush tax cuts and tell the President that we’re not going to have a gun pointed at our heads and be made to violate our principles.” Buchanan continued, “We need to tell the President, Mr. President, we’re not that terrified of going over the cliff, you will have to take us sir, because we’re giving you a way out.” “I don’t know why the Republicans haven’t gone out there and done this since the President is out there treating this like another election cycle,” offered Hannity, “It seems like none of the Republicans in the House was elected on the premise that they were going to rubber stam p Obama’s agenda.” “I think, what they’re afraid of, is that if the members stand by their convictions and we go over the cliff, there are a number of enormous tax increases that will be made permanent,” explained Buchanan, “What the members are being told that they either tax a little dose of poison or they’ll have the whole bottle shoved down their throat.” “Can you think of anything more arrogant than President Obama’s request that Congress give up their Constitutional authority to set the debt limit,” continued Hannity, “Is there anything more arrogant than that?” “President Obama won a good, clean election victory,” agreed Buchanan, “What the President is doing is full of hubris, it’s full of arrogance.” “There’s a big problem,” concluded Hannity, “If you look at the marginal tax rates for the wealthy, it would’ve reduced the defi cit from $1.8 trillion to $1.22 trillion, this is not going to solve all of the nation’s economic woes.” As the battle continues, it’s really important we keep our representatives in Congress honest. For more on Buchanan’s comments and to watch his interview on “The McLaughlin Group,” click here.

Show Guests

Pat Buchanan

Patrick Joseph "Pat" Buchanan (born November 2, 1938) is an American conservative political commentator, author, syndicated columnist, politician and broadcaster. Buchanan was a senior advisor to American presidents Richard Nixon, Gerald Ford, and Ronald Reagan, and was an original host on CNN's Crossfire. He sought the Republican presidential nomination in 1992 and 1996. He ran on the Reform Party ticket in the 2000 presidential election.

Ann Coulter

Ann Hart Coulter (born December 8, 1961) is an American social and political commentator , best-selling author , and syndicated columnist . She frequently appears on television, radio, and as a speaker at public and private events. Well-known for her conservative political opinions and the controversial ways in which she defends them, Coulter has described herself as a polemicist who likes to "stir up the pot" and, unlike "broadcasters," does not "pretend to be impartial or balanced."

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