DeMint: GOP is going to cave on tax hikes

Reading around the blogosphere this morning, it seems like everyone and their mother agree that President Obama will get his way and Republicans will agree to tax increases on the nation's wealthiest to avoid the so-called fiscal cliff.

On CBS This Morning, outgoing conservative Sen. Jim DeMint predicted Obama's victory and "political trophy."

“We’re going to be raising taxes. Not just on the top earners," DeMint said. "Everyone’s going to be paying more taxes next year in this country, and I think that’s what the president wants.”

WATCH:

DeMint isn't alone -- President Obama also predicted earlier this week that the Republicans will cave.