Rock and a Hard Place

Congress and the President are really between a rock and a hard place with the fiscal cliff.  Either they do nothing, and the tax increases and spending cuts go into effect, and the economy tanks; they vote for something that avoids those tax increases and spending cuts, but then the national debt and budget deficit continue to spin out of control; or they vote for something that lets taxes go up somewhat and spending cuts at a lesser level, but then the impact is neither good for the economy or enough to slow the spiraling debt problems.  Any of these “solutions” is no solution at all, and all will result in ongoing serious problems for the economy, financial markets, and you and I.

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