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Lieberman fears country may go over 'fiscal cliff'

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WASHINGTON (AP) — Sen. Joe Lieberman says he feels "it's more likely than not" that the country will go over the "fiscal cliff" now that House anti-tax rebels rejected Speaker John Boehner's plan because it would raise rates on million-dollar earners.

Lieberman says going over the cliff "will be the most colossal consequential act of congressional irresponsibility in a long time, maybe ever in American history."

The Connecticut independent tells CNN's "State of the Union" that taxes will go up for most everyone, programs will be cut and the country probably will return to recession.

Lieberman says Senate Majority Leader Harry Reid and GOP leader Mitch McConnell "have the ability to put this together again and pass something" although it won't be the "grand bargain" to solve all issues over the long term.

 

Copyright 2012 The Associated Press.