Experts confident deal will be reached.
The U.S. hits its debt limit Monday as Congress prepares to jump off the fiscal cliff, but the Treasury Secretary says that could be a good thing.
KTRH money man Pat Shinn doesn't see that happening, but says Tim Geithner may have a point in calling the fiscal cliff somewhat of a 'silver lining' for America's debt situation.
"If we went over the cliff and stayed there, we would have more money coming in from higher tax revenue and we'd have less money going out because of the cuts to defense spending," Shinn tells KTRH News.
But retiring Texas Senator Kay Bailey Hutchison says there's no way that's a good thing for hard working Americans.
"Everybody understands that the fiscal cliff would be too huge a burden for American families," Hutchison told reporters on Friday.
Even if no deal is reached by the deadline, experts insist whatever taxes U.S. workers do pay in early 2013 will even out by the end of next year.
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