ANALYSIS: A Sneak-Peek At 2016

RUBIO AND RYAN ON THE FISCAL CLIFF. In their speeches at the Jack Kemp Foundation dinner last night at Washington, DC's Mayflower Hotel, Marco Rubio and Paul Ryan made only passing references to the fight brewing in the nation's Capitol over how to handle how the impending fiscal cliff, ABC's Arlette Saenz reports. Rubio cited his opposition to President Obama's desire to raise taxes on the wealthiest Americans while Ryan stressed that a debt crisis is coming unless action is taken soon. "Our complicated and uncertain tax code is also hindering the creation of middle class jobs. You can't open or grow a business if your taxes are too high or too uncertain. And that's why I personally oppose the President's plan to raise taxes," Rubio said. "This isn't about a pledge. It isn't about protecting millionaires and billionaires. For me, it's about the fact that the tax increases he wants would fail to make even a small dent in the debt but it would hurt middle class businesses and the people who work for them." And Ryan issued the following warning: "Look at the road we're on - with trillion-dollar deficits every year. Even worse is the prospect of a debt crisis - which will come unless we do something very soon. When government's finances collapse, it's the most vulnerable that are the first victims, as we're seeing right now in Europe."

More highlights from Rubio and Ryan's speeches HERE

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