WSJ reports on the fiscal cliff

In WSJ’s Gerald Seib report on the state of the fiscal cliff discussions between Democrats and Republicans, he quotes Campaign for America’s Future co-director Robert Borosage on his take on the fiscal cliff:

“Just a couple of examples. On the left, Robert Borosage, co-director of the Campaign for America's Future, declared at the end of last week: "The president has put out a plan that already compromises more than desirable. If Republicans can't accept it, just say no. The markets will scream; the pundits will predict the end of the world; the economy may take a hit."

But the only "structural change" that would happen, he adds, is one the left actually wants, which is the expiration of the Bush-era tax cuts.”