[quote=UCGal]
Folks – this is math. You can’t fix the budget with just cuts. You can’t fix the budget with just taxes. The sequestration (fiscal cliff) combines both. I say lets go over that cliff… Yes, I personally will pay more taxes and yes, I personally will see services I enjoy cut. But it’s not nearly as dire as kicking the can forever.[/quote]

The real cliff is when the financial markets cut you off from deficit spending. In that scenario you don’t get to work you’re way there through gradual reductions. You get cut off all at once. That’s what’s happening in Greece. They can revolt all they want about the 50% cuts they are seeing to their retirement income but there isn’t a source of money that allows that fact to be false.