Everytime we hear a news announcer talk about “the fiscal cliff”, we’re reminded of “Indiana Jones and The Last Crusade” when Harrison Ford is standing on the edge of a seeming abyss, following a riddle that says “Only in the leap from the lion’s head will he prove his worth.”
So we went to our favorite non-partisan source, the National Priorities Project, for their definition. "Fiscal cliff" refers to a host of different federal budget cuts and tax increases that are all scheduled to take effect at the start of 2013. These looming budget cuts and tax increases are referred to as a "cliff" because, if they all actually took effect in 2013, it would be a major setback for our weak economy.
“But here's the good news: It's very unlikely that all of these cuts and tax hikes actually happen. In fact, many people (including yours truly) argue that "fiscal cliff" is a misnomer, since it suggests that we have only two options – we either go over the cliff, or we don't. But that's not true.
Today, we will talk about the cliff/course and what we as individuals and as the Coffee Party can do to let our elected officials know how we the people want this situation handled.
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