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Boehner "Flabbergasted" By Obama's Fiscal Cliff Proposal

WALLACE: Take us behind the scenes. Take us inside the room. What was the mood music when Tim Geithner sits there, like we are here and presented this to you? What did you say?

BOEHNER: I was flabbergasted. I looked him and said, "You can't be serious."

I've just never seen anything like it. You know, we've got seven weeks between Election Day and the end of the year. And three of those weeks have been wasted with this nonsense.

WALLACE: OK. So, if they are wasted, where are we now? And, quite frankly, what are the chances we're going to end up going over the cliff?

BOEHNER: Well, right now, I would say -- we're nowhere, period. We're nowhere.

We've put a serious offer on the table by putting revenues up there to try to get this question resolved. But the White House has responded with virtually nothing. They've actually asked for more revenue than they have been asking for the whole entire time.

WALLACE: So, what are the chances we're going to go over the cliff?

BOEHNER: Listen, going over the cliff will hurt our economy, will hurt job creation in our country. It's not fair to the American people.

And this isn't an issue about Democrats and Republicans. My goodness, this is about our country. And we need to get serious about dealing with the problems at the end of the year and need to get serious about our deficit and our debt that are burying our children's future.

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WALLACE: So, you've been around this time a long time, you've been in a lot of negotiations. What is their game? What is their thinking as to how they're going to work -- well, they just figure they won, they're going to get what they want?

BOEHNER: I have no idea, Chris. If I knew, I would share it with you. I don't know what they are thinking.

WALLACE: Do you think they are being bullies?

BOEHNER: I think -- they've won the election. They must have forgotten Republicans continue to hold a majority in the House. But, you know, the president's idea of a negotiation is: roll over and do what I ask.

We need to find common ground and we need to find it quickly.

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