U.S. Senator Chuck Grassley, of Iowa, wishes Senate Majority Leader Harry Reid would have started working on a "fiscal cliff" solution in November.
Grassley, who opposed the bill passed by the Senate, says the "process" was part of the problem.
But, another problem was the "substance". Grassley says lawmakers begged for a bill to avoid a tax hike on many Americans. But, Grassley says taxes aren't the problem. Sen. Charles Grassley, (R) Iowa says, "But, the bottom line is you give the president all the revenue he wants... takes care of 10% of the trillion-plus deficit we have every year. What are you gonna do about the other 90%? In other words, we have a spending problem, not a taxing problem."
Going forward, Grassley says more attention has to be paid to a cutting spending.
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