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In large saucepan, combine sugar and corn syrup (this can also be done in the microwave).
Cook over medium heat to dissolve sugar and bring to boil. Do not boil too long or they will harden when cooled.
Remove from heat. Stir in peanut butter.
In a large bowl, add the Rice Krispie cereal and peanut butter mixture and mix until well blended.
Press cereal mixture into a parchment paper lined or buttered 9X13 inch pan.
Melt together the chocolate chips and butterscotch chips in a microwave safe bowl or in a saucepan on the stove.
Spread combined mixture over top of Rice Krispies mixture.
Cool. Cut into bars and store in an airtight container.