The Fiscal Cliff happens on January 1, 2013. It is when the policies of the Bush administration expire and the policies of the Obama administration become more fully implemented. It is also when the Obama sequestration compromise goes into effect. It is a balanced approach of tax hikes and spending cuts.
So shouldn't we embrace it? Didn't we embrace it on November 6th? End of Bush era policies, implementation of Obama era policies, tax hikes and spending cuts, especially on the military. Isn't that exactly what Obama ran on? So why are we afraid of it?
It could be because nearly every reputable economist is predicting that it would cause another recession and shoot unemployment back up over 9%. So is that what "Forward" really gets us?
The Fiscal Cliff is Obama's policy in action. Shouldn't we embrace it?