done? neither party has a functional majority. if the deficit problem will be solved they both have to come together and n and negotiate. the president appointed a commission and wants to do it. call his bluff and take him up on it. >> if neither side has operating majority, nothing of importance will get done. the only issue there will be is on the bush tax cuts. it's very easy to see a compromise in which you get the republicans and the democrats to agree, to extend indefinitely the cuts for 98% and for say a couple of years for those in the upper bracket. that will happen. i think for obama it's important. he will have to win a reelection and have a strong economy. if the cut expire and have a huge increase in taxes, dividend and capital gains and everything else, the economy will be stopped in his tracks