Democrats are a little more confident coming off of their victory in the election. And the GOP is starting to backpedal, with House majority leader John Boehner saying that "revenue" — meaning takes hikes — is on the table.

Some Republicans are saying the only way to get their demands met now is to jump head-first off the fiscal cliff. But New Yorker staff writer John Cassidy says it’s Obama who would benefit from going over the fiscal cliff.

Fresh from a defeat in the Presidential election and not wanting to renege on their promise of not raising taxes, the Republican Party appears to hold few cards as they approach the negotiating table. And the Democrats have a spring in their step, believing they're on better footing to make a deal which they insist will include higher taxes on the wealthy.

But despite Republican's fears, conservative columnist Marc Thiessen says going over the fiscal cliff could work out to their favor.