I wish I had a dollar for every time I have heard the term "fiscal cliff" in the past six weeks - my Christmas bills would be paid off in full.
Evidently 25% of the voting population understands the term. In short, the FC refers to expiration of the Bush (W) tax cuts on December 31 in addition to "sequestration" which means radical cuts across the board in government spending.
So...what does that mean to you and me? Well, as a few examples, workers will see an immediate 2 ½% cut in their ... [More]