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Graham On Fiscal Cliff, Tax Hikes: "Hats Off To The President, He Won"

CHRIS WALLACE, FOX NEWS SUNDAY: Senator Graham, a couple of days ago you said you thought we were going to go over the fiscal cliff. Now, we are in the midst of a lot of last-ditch bargaining between the Senate leaders, Reid and McConnell, what are the chances for a small deal in the next, less than 48 hours to avoid the cliff?

SEN. LINDSEY GRAHAM (R-SC): Exceedingly good. I think people don't want to go over the cliff, if we can avoid it.

I think, whatever we accomplish, political victory to the president, hats off to the president. He stood his ground. He's going to get tax rate increases, maybe not $250,000, but upper income Americans.

And the sad news for the country is, that we have accomplished little in terms of not becoming Greece or getting out of debt. This deal won't affect the debt situation. It will be a political victory for the president and I hope we'll have courage of our convictions, when it comes to raise the debt ceiling to fight for what we believe as Republicans.

But hats off to the president, he won.

WALLACE: Quick follow-up, before we turn to Senator Feinstein. You're saying that you don't think some of your conservative colleagues in the Senate will filibuster or set up a procedural roadblock, they'll vote to avoid going over the cliff.

GRAHAM: No. But if McConnell can't get 60 percent of us to vote for this deal, it will be hard for Boehner to get through the House. And I want to vote for it, even though I won't like it them, because the country has got a lot at stake here.

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