Johnny Clips is 100% correct.
The so-called "fiscal cliff" is actually The Budget Control Act of 2011 which last year was created by Congress and totally endorsed by President Obama.
Both Republicans and Democrats were all congratulating themselves on it. They were finally going to do something about the nations debt after we lost our "AAA" credit rating as a nation.
But as soon as it started to become a reality...and all these politicians started realizing that they weren't gonna be able to deliver the Federal dollars to their cronies back home (just imagine the Senators and Congressmen who are from states with big military bases for instance)...they started panicking and calling it the "Fiscal Cliff" as if it was something really, really bad.
And all the news media (which are owned by corporations with money at stake in other holdings as well) followed suit and started calling it the "Fiscal Cliff" as well.
It's all intended to panic the general public and make us all relieved when in the end they reverse The Budget Control Act Of 2011 and go back to spending like drunken sailors.
Remember...just last year they were triumphantly announcing this as a great thing. Now, it's a "Fiscal Cliff".
