Hanging on the Cliff, Not So Bad

Fiscal Cliff……. Do you all of a sudden feel fear, dread and anxiety at reading those two words?  Does scary movie music seem to play in the background every time you hear a news anchor talk about it?  Well the media has once again done a great job at coining a new phrase that gives them something to put on their morning headlines.  What is the big deal about this fiscal cliff and what is really going to happen?  All I can see is that not to long ago our Congress was in the same situation they are in now, not getting along.  The problem is that back then they never did come to a conclusion on the national budget so to prevent this from happening again they set a law in place to force future Congress to get along or else extreme measures would be taken to drastically reduce the national deficit.

Wait a second; you're saying that if Congress doesn't create a budget the law that will come into place will require us to pay our debts down by half in about a year?  That doesn't sound like the worst thing ever.  The overall consensus I hear is that this would create a recession, but that we would recover…… So again is that so bad?  A little pain now so that we can feel better down the road?  That is so un-American. But how awesome would it be to hear Barrack Obama call Dave Ramsey in about two years and say “We’re Debt Free!”