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What is the "Fiscal Cliff?" Will this be bad for our economy?

Will it decrease our paychecks? If so, that's BAD.

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The fiscal cliff is what happens when we re-elect a guy with empty promises and he drives us deeper into the hole were in. and when the budget control act goes into effect

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And to think he was awesome....
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hey man, because that idiot was reelected, you might want to change the profile picture, you cant have cookie monster anymore, he makes kids fat, careful, Michelle Obama might sit on you. seriously, before she talks about obesity she should maybe do some squats and fix her own problems
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true true, hey maybe i should make my profile pic zelda or somethin.
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yeah, zelda would be awesome
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ChicagoNeko88

Taxes hikes...so yeah it's bad

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They fixed the cliff, where there was no tax deal. People making 250000 dollars a year would be taxed more.

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Aw man, so what if I work hard and make more money! *:l
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Well how much do you make in a year?
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SweetxTweet

Yes sadly it will but it could have been worse had they not reached a deal.
All we can do is move on, this country has been thru much worse.

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Well your taxes went up the 1st . everybody's taxes went up .! ! most by about $1,000 a year .

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Idk come to Canada it's better! (:

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But everything's more expensive there! D:
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So thats because of taxes, our taxes are higher but its good because it helps with things we need for example we have free health care. that plays a major part in our society.
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But what about Universal Studios? Or Disneyland? Or Knotts Berry Farm? Imma miss 'em! D:
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But I would like to see snow....
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Oh you live lower down in the states
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Yep. California :(
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I always wanted to go to Disneyland but what makes it more fun is when you live far away you get to travel and see all the places you have never seen before
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to be honest, according to my sources, canada is a better place to live, Canada's taxes are higher, yes, but its currency has a slightly lower value than that of the U.S dollar, so it balances out, and the economy in Canada is also flourishing right now, while the U.S economy continues to tank.
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I live in Oshawa, Ontario close to Toronto
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Well don't get yer hopes up, cuz they're 90 bucks a ticket. :I
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For Disneyland.
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Well you got to come to Canada's wonderland it's really big not Disneyland big, its a good size and the tickets are only like $45 I'm pretty sure
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How much is gas and cigarettes up there ?
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Yeah, we need to get some cheapy gas....
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Ares is probably more expensive than u guys Im not sure cause I dont go there often
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I don't think so, gas here is like 4 or higher per gallon.
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It is very bad!

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Um, explain.
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The cost of goods are going to go up significantly, and the value of the dollar will drop even further. Taxes will go up even more.(That is part of the plan the government has. To raise taxes) The government isnt thinking. If you raise taxes then businesses will not hire as many people. SO value of dollar= down, production= down, UNemployment= up, hyper-inflation.... soo in short it will be just as bad if not worse than the Great Depression
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Everyone's taxes went up. But so did spending. So there's no real difference. Just a bunch of losers in DC.

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the fiscal cliff is a very bad thing, but dont worry, their just going to tax the rich more and penalize them for doing well at what they do.

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