Your chicken little act is getting awfully old. Try the glass half full approach. All that tax revenue will reduce the deficit.
Believe Maris, or believe the CBO? Not a tough choice. Hey Maris, with $500B in tax hikes and only about $50B of that hitting the rich Obama wants to tax, guess who's going to be paying the remaining $450B? http://in.reuters.com/article/2012/08/22/usa-debt-cbo-idINL2E8JM38320120822 U.S. CBO sees worse economic wreckage from "fiscal cliff" The "fiscal cliff" refers to the impact of around $500 billion in expiring tax cuts and automatic spending reductions set for 2013 as a result of successive failures by Congress to agree on some orderly alternative method of reducing budget deficits. Failure to avoid it would spark U.S. fiscal tightening on a scale not seen since 1969 tax increases to pay for the Vietnam War -- slamming the economy into recession as it did back then. The CBO estimated that U.S. gross domestic product under this scenario product would shrink 0.5 percent in 2013, with a crushing first-half contraction of 2.9 percent followed by a weak second-half rebound of 1.9 percent growth.
