The Upcoming Fall of America; The Fiscal Cliff!

In 2013 after the end of Bush tax cuts, an automatic 'cleaning' of government spending takes place.

What happens is huge increases in tax rates rocket for not only the rich, but the middle class. Huge cuts in government spending occur, although it sounds good, it would destroy jobs and would target the military greatly. The only things that would be left unaffected would be 'mandatory' spending such as social security, medicaid, medicare, etc., increasing dependency on government aid.
If our President doesn't come together with our Congress, like in 2008, we will fall into a recession again. The recession we speak of, would be more like the Great Depression, considering our %7.9 unemployment rate, inflation, and a %2 a year growth rate.

 In order to avoid falling off the Fiscal Cliff, President Obama and Congress must come together and create a new tax plan to replace the Bush tax cuts to help fill government spending without the automatic 'cleaning'. John Boehner has proposed we keep the tax rates the same while cutting loop holes and deductions that would increase revenue from the rich without increasing the rates themselves. President Obama has proposed that we increase the rates for the rich, but wouldn't they still claim tax deductions and find loop holes? I would think that just leaves us in the same boat we were in before the election and the same boat we were in, in 2008 when we were going off the fiscal cliff under Obama, except now we have a worse economy.

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