3 thoughts on “Fiscal Cliff, the Video”

  1. Old message: deficits will kill us immediately

    New message: cutting spending and increasing taxes will kill us immediately.

    Cutting spending is as least as much of a problem for the economy as tax increases.

  2. It seems a little strong to talk about this as if it will all hit at once and kill the potential recovery. As I understand it, the payroll tax change will occur Jan 1, the AMT change will hit April 15, and the Bush tax cuts won’t change things before 2014 (paying for 2013 year, assuming that minimum early payments are made in 2013). That makes it more of a set of falls rather than a huge cliff on Jan 1, and later ones may even be during a recovery if we’re lucky…

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