Getting a deal done to resolve the "fiscal cliff" is a matter of "eighth-grade math, " former Minnesota Gov. Timothy Pawlenty told CNBC on Thursday.
"We're going to need spending reform that will have to include entitlement reform and we're also going to need tax reform and a pro-growth, pro-investment, pro-entrepreneurial direction, " the onetime Republican presidential candidate said.
He told "Squawk Box, " that those two things together are the cornerstones how the fiscal cliff — when a host of automatic tax increases and spending cuts kick in at the end of the year —gets resolved.
"It's a matter of eighth-grade math, " he added.