One week after President Obama was reelected, Congress returns to work today and the number one item on their agenda is the resolution of the “fiscal cliff,” a mix of almost $600 billion in tax hikes and spending cuts that the Congressional Budget Office says would send the economy into recession if it is not prevented.

Many in Washington, and many more on Wall Street, are pushing Republicans to accept the Grand Bargain that Obama offered in July of 2011. But a new document obtained by Bob Woodward shows that such a deal would be a disaster for conservative movement and the country.

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