[Jim from C-Town]

‘The fiscal cliff would drive the U.S. economy back into recession next year and result in a jump in the jobless rate to 9.1% by the end of 2013’

With the CBO’s noted track record of UNDER reporting the actual numbers U-3 Unemployment should be about 12% with REAL U-6 Unemployment somewhere around 25%. Of course none of the bureaucrats at the CBO ever have to worry about their jobs.

[YukonGreen]

Fiscal cliff should result in a depression and let Mr. Smart street wise only figure out how he is going to solve the problem. Will probably invite Putin in the white house for a beer summit.

[funfan]

But wait I thought it is good to have higher taxes after all the tax rates would revert to the tax rates imposed under Bill Clinton and I recall hearing over and over and over again he had a budget surplus and paid off the deficit and that was because of the tax rates which he raised retroactively.