If you have been paying attention to the news at all you have heard the term “fiscal cliff” used over and over again. So, what in the world is a “fiscal cliff”?
Well, as far as I can tell it is a terrible thing that will happen on December 31 unless our duly elected congress can get their collective heads out of their collective asses and reach an actual agreement on something before midnight on December 31. What are our chances of avoiding a trip over the fiscal cliff? Probably slim or none.
You see, some in congress want to take a trip over the cliff. These are the kind of people who bunge jump, mountain climb, skydive, and other insane stuff. How they ever got elected in the first place is beyond me, but it probably had something to do with calling his or her opponent a scum bag, criminal. Anyway, even though the don’t really know what is on the other side of the cliff (a long painfull fall, I suspect) they still want to take a chance that if will be fun for them — because they really don’t care how painful it will be for us regular folk.
I am sure there are some who will profit from a trip over the cliff. I don’t know who these people are, but rest assured they have more money than I do and some good inside information. The way I look at it I am probably screwed no matter what happens. I’m just not smart enough or well connected enough to win at this game.
My brother, Tom, doesn’t like the term “fiscal cliff”. He likes the term “Fiscal challenge” instead. Truth be known, I think “fiscal challenge” is kinda lame. There is no vision of a trip off a cliff. If you think about it, there is no vision at all. Instead, the term sounds like something that came out of a conference of the AICPA. Can you say “boring”?
Thanks for reading and stay tuned.