What’s with this silly “fiscal cliff” image?

As a number of people have pointed out, the US’s fiscal “cliff” is no such thing. The ending of the Bush tax cuts on Dec 31 might perhaps slow down the recovery a bit and require budget rollbacks in a number of areas, but only until a suitable alternative plan is put in place. It might be preferable to have that plan in place ahead of time, but the impact of not doing so would only be proportional to the length of time between Dec 31 and the establishment of a revised system of tax cuts.

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