The "fiscal cliff" does not exist. AT ALL. Reaction to the most recent CBO report shows it.

CBO said that allowing the Bush tax cuts to expire and the sequester to kick in would hit the economy next year, leading to a sharp fall in the deficit. IF the fiscal cliff existed, this would be "a good thing" because it's exactly what the fiscal cliff spokespeople want.. in their theory, it should discourage the invisible bond vigilantes and encourage the invisible confidence fairies.

But, nothing: Because the people who speak of "fiscal cliff" don't actually care one ounce about the deficit.

"Fiscal cliff" is simply the new code for "Cut Social Security and Medicare."