Hub Blog

There is no sense in blowing steam about the plans to avoid falling downward off a cliff and hitting rock-bottom hard, do little for the middle-class American and only looks after the big boys raking in millions, already been said:
"The White House responded by dismissing the Plan B measure, with press secretary Jay Carney saying that it "doesn’t meet this test because it can’t pass the Senate and therefore will not protect middle class families," in a statement." [http://www.latimes.com/news/politics/la-pn-boehner-plan-b-fiscal-cliff-20121218,0,6488104.story a news story posted this morning]

So the fiscal cliff is supposedly this imminent dreaded date where the clock strikes 12 and in 2013, there are a set of regulations affecting taxes amongst other things which some predict could have economic repercussions along the lines of a recession.

There have been plenty of regulatory changes, that have or will come into effect at different dates, some better known than others.

Possible financial losses as a trade-off for financial gains-- do you think that lawmakers did not think of that, when they set the new laws for 2013?

Many minds are at work to make sure that a financial crisis does not occur, a recession does not occur.  A date on the calendar is probably not going to make or break the condition of the economy and the way everyone lives their lives; the last day of December we live in one condition, then New Years, a whole new life for the worse; not often a reality, unless the Martians invaded, and no agreement was reached.

In a viewpoint, 'a problem' might be that we knew the new laws were upcoming to take effect, we knew there could be side-effects, but what about all the other factors that effect the whole picture that are not being discussed, which are the things that really lead to the prospect of the downfall off the cliff.  On paper, new laws effective Jan. 1, and new strategies to ensure everything is in sink, at some point, the mathematical formula should work out so that the risk level equals zero, the monetary loss is $0, and all is counterbalanced to being completely level, right?  That is the theory; but as many know well, the theory is not always the reality.  What accounts for all the gooey factors on the sidelines of the big picture making their way onto the inside, which altogether, could lead to the fiscal downward cliff?

We knew alludes to, stage was set, divide, an upside a downside, everyone in America is affected, everyone is involved, --political process might have some figures more popular than others on the matter--.

--Downward cliff, is reiterated because there are upward cliffs.  Come January 1, 2013, considering the number of complaints about the condition of the economy, it does not look like we are headed to a sudden upward cliff, and we are in utopia.--

Referencing the factors that are not being discussed, at least as it appears on the prima facie, in the process of panning down a forefront objective, which is making sure that economic disaster does not occur that is felt on reality, such as our kids don't have meals for days, it is well within the reality that on a practical level, the words on paper that form what could be the fiscal cliff, will be have solutions worked out so that things don't go there.


Of course finance has its inherent depth.  Experienced financial advisory level in consideration, there is 'much more to it', this is a blog post, adding to the pot of ideas.

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original:

http://etisworld.com/finance-blog/the-fiscal-cliff-2012-2013-will-it-be-a-cliff-or-just-a-date-in-time-