In response to:

Fiscal Cliff Uncertainty Already Causing Economic Harm

Frank1802 Wrote: Dec 27, 2012 10:46 AM
The AP is clearly staffed by morons. It is now set in stone that the sequestrations and the ending of the so called Bush Tax Cuts will both start and end on January 1st, this is not negotiable and cannot legally or constitutionally be delayed by even a day. In some ways it would be better that they were not delayed because then the 47% of working Americans who pay not one penny of Federal Income Tax will have to do so from January 1st. Since many if not most of Obama's support derives from this area they will be forced to experience EXACTLY what they voted for, and also learn the fact that there is no such thing as a free lunch, and they have been dining for free for some time.
While President Obama flies back to Washington in order to try to force Republicans to pass his fiscal cliff plan once again, forces are already at work causing real harm to the economy. And despite all this, there are some who think that going over the cliff is still worthwhile.

Ben Bernanke said that policy uncertainty, both about the fiscal cliff and the debt ceiling, are already affecting private spending and investment.

Speaker John Boehner's "Plan B," which would have raised tax rates on some high-income Americans, was never brought up for a vote for the fear...