"Fiscal Cliff"-gazer? Nothing to see here, move along, please.
We, the People, can end this "fiscal cliff" nonsense. We have 16.5 calendar months to do it, not just one month as the doomsayers have screamed at us from our TVs and computer screens.
The Federal Government, through it's IRS, collects income and business taxes 470 days after they are payable. The fiscal cliff doomsayers seem to have forgotten that fact.
Yes, if nothing is done in the next 32 days, the tax rates will all rise on January First. We don't pay those new rates until our tax bills are payable on April 15th, 2014. Yes, employers and your other payers such as pensions, etc, will try to adjust the withholding upwards next month to reflect the new rates, but you, the taxpayer, can adjust them back downward via an IRS Form W-4 With Worksheet. The process is simple: you just claim more dependents. I don't have the current "red flag" level, but you didn't used to raise any Red Flags with the IRS unless you claimed more than 9 dependents.
Guess what else happens later in 2014, Dear Readers? RIIIIGHT, Elections for Congress, The Senate and your local yokels.
If We The People push this issue to or near 4/15/14, it WILL effect the 2014 Congressional elections. If the REAL "fiscal cliff" is then passed, the (D)emocrats will get the blame in the voting booths, and in January of 2015, Obumbler the wannabe Socialist is done. Yeah, he will occupy the office for the next two years, but with a hostile Senate and House, will get nothing done. Should he then try to rule by Executive Order, the new GOP Congress will then impeach, convict and remove him from office. Joe Biden doesn't have many virtues, but way more than Obumbler, and he's far less of a Socialist.
Have a Merry Christmas, Happy Holiday, and pleasant New Year. There's no Fiscal Cliff to fall over, over.