What's really scary, Colbert added, is that Republicans might let the President do just that, even though most congressional Republicans have signed Grover Norquist's anti-tax pledge.
That name is the "two most terrifying words a Republican can hear other than 'buenos dÃas,'" Colbert said.
Watch the video:
|The Colbert Report||Mon - Thurs 11:30pm / 10:30c|
|The Fiscal Cliff Compromise|