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Cramer: We May Go Over The Cliff

Debra Borchardt: So, they are worried more about reputation than good governance.

Jim Cramer: Oh yeah. For them, look, you took a pledge. I kind of really understand where they are. They took a pledge not to raise taxes. They don't regard the president's reelection as a referendum on higher taxes. They regard it as a referendum on maybe the social issues or why the republican candidate was not attractive, but they all feel like...the ones who took the Grover Norquist pledge, they feel that they ran on the prospect of no new taxes. So, it would be ...rising above for them in the way that it would be for the pin I wear, is a real betrayal to the people who elected them. I think they're more concerned about betraying their electorate than they are about some higher calling that they don't regard as being higher. That's the crux.

Debra Borchardt: All right.

--Written by Debra Borchardt in New York.

>To contact the writer of this article, click here: Debra Borchardt.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
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