Video: Newt Says ‘Fiscal Cliff’ Is A Political Invention
photo credit: gage skidmore
GINGRICH: Well, I think this whole fiscal cliff language is designed to maximize a sense of fear that’s nonsense. The very same people, the Congress and the president, who invented the fiscal cliff — this is all an invention — could break it down into 12 foothills, or 15 foothills or 20 foothills. They could tackle one problem at [a] time.
I agree with what I understand Senator Jeff Sessions has said — and I think he’ll be on your show later — this ought to be out in the open. We’re rushing towards a secret deal made in secret meetings where nobody will know what’s going on, and then people will be told, Boy, if you don’t vote for this, we’ll go over the cliff.
Well, I think there are a lot worse things than going over a man-made cliff that I think is entirely artificial. And I think the reality is, the President of the United States has not come forward with any serious spending cuts. What the Democrats are proposing is to take the tax increase now, and then sometime next year, eventually, possibly, we might have some kind of entitlement reform. That’s a really bad deal for the American people.
Read full transcript HERE.
