GOP Caves, Fiscal Cliff Deal Is Finally Imminent [Video]

Yesterday, Congress wasn’t even close to a fiscal cliff deal. Suddenly, they’re a few flicks of the pen away from sealing an agreement and preventing the country from driving into another recession. What changed? Who caved? Did that silly Starbucks campaign actually work?

On Fox News Sunday, Senator Lindsey Graham (well-known as a staunch Conservative) was asked by host Chris Wallace about the chances of a fiscal cliff deal being reached before the December 31 deadline. The wide-eyed and unusually enthusiastic Graham said that chances were “exceedingly good.”

“I think people don’t want to go over the cliff if we can avoid it,” Graham said. He also mentioned that the deal will be a “political victory” for President Obama. “This deal won’t affect the debt situation,” he said. “It will be a political victory for the president.”

Though he complimented the president for standing his ground, Graham did warn that the GOP wasn’t likely to ease up on the issue of increasing the debt ceiling. “I hope we’ll have the courage of our convictions when it comes time to raise the debt ceiling to fight for what we believe as Republicans.”

But as far as the fiscal cliff deal is concerned, there might not be much there for the GOP. “Hats off to the president, he won,” Graham said.

So it seems as though Republicans have caved, though President Obama may have kept his pledge that not everyone gets a perfect deal in the negotiations. Graham mentioned that taxes will go up, though not as much as President Obama wanted. Obama’s fiscal cliff tax increase offer was double what he campaigned on.

Here’s the video, via Mediaite: