Reagan did it. Clinton did it.

On the likely collapse of budget negotiations...

Sen. Jon Kyl, R-Arizona, reiterated the GOP mantra that Bush-era tax cuts should continue and entitlement spending be cut. Democrats are keen on letting the Bush-era cuts expire for the highest-income Americans in 2012.

"In Washington, there are folks who won't cut a dollar unless we raise taxes," he said on NBC's "Meet the Press."

"If you want to get serious about the deficit our country has to grow economically," Kyl said. "You can't grow if you raise taxes in the middle of a recession."

Reagan did it. Clinton did it.