The fiscal cliff. Have you heard of it?
It’s only this little thing that’s looming in less than 60 days that threatens to raise taxes, cut spending, and potentially throw us into recession. It’s a set of provisions that would automatically kick in if Congress does nothing by the end of the year. The net effect is that 4% of the GDP could be at risk.
That’s 1 out of every 25 dollars spend, transferred, or otherwise used in our country.
And it’s at risk.
You’d think that it would be a huge deal. While it has gotten it’s share of media coverage, I don’t feel it’s gotten anywhere near enough.