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Transcripts For FBC Varney Company 20121221

The republicans will not raise tax rates. The president , hes not going to budge on spending cuts, and if you scan the media this morning, it is the republicans who are getting the blame. Joining us now, monica crowley, a fox news contributor. And monica, why do you think that the president wants us to go over the cliff . Explain yourself. Well, first, it looks like the house g. O. P. Leadership actually went through the mayan apocalypse, okay . Last night. And the president wants to go over the fiscal cliff and always has for two reasons, stuart, number one, he wants all of the rates to go up. Not just on the 1 or 2 top earners. He wants everybodys tax rates to go up and even if you were to confiscate a 100 of the assets for the government for a handful of days. Stuart why would he want everybody to pay taxes to pay more. He wants revenue to pay for his monstrous, evergrowing, everravenous government, and he knows the money is with the middle class, not 1 . And the top 1 assets to inc

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