" It's important to be an informed voter. "^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^Thought you might be interested in a post from another boardyou may have missed:http://boards.fool.com/the-fiscal-cliff-solving-the-wrong-pr..."Let’s examine the fiscal cliff top 5 dollar issues for 2013. In rank order they are:1. Bush tax cuts for lower incomes $288 billion2. Extend 2% holiday and extended unemployment $1083. Bust tax cuts for upper incomes $424. Other spending $405. Defense spending $24 Total $502"^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^The post links to a CBO report which discusses the impacts of the"cliff" in a very straight-forward manner. Allowing the AMT to come back in full force is another item up for discussion which I have not heard many folks recognize yet. And of course the deficits are still there:http://www.usgovernmentspending.com/federal_deficit_chart.ht..."FY 2013*: $901 billion FY 2009†: $1,413 billionFY 2012: $1,089 billion FY 2008: $459 billionFY 2011: $1,300 billion FY 2007: $161 billionFY 2010: $1,293 billion"The deficit for 2013 would be reduced to 560 billion dollars based onCBO forecasts. I don't know if the forecasts account for a potential recession.But as for the question 'Why do you want a compromise?" - I suspect that neither political party would want a second recession when thestarting point is an unemployment rate of 7.9%, when unemployment benefits are cut by the standing "cliff" agreement, when theunemployment among some groups is 10% and higher, when governmentspending would be curtailed in many ways - via defense spending cutsand reduction in civilian employees working for the military.In short there would be an immediate job-loss inside the beltway.The government does not like reductions inside the beltway.Howie52
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