Fiscal Cliff

So the Fiscal Cliff is basically the popular name people have put on the problem that the United States is currently having with the taxes and such that are going to be changing in the coming year. This is like the taxes that Obama have placed for the new universal medicare. Also the other taxes with businesses and shifts in taxes that were in place since between 2001-2003. As a country we have pretty much three options none of which are to good but they are all we got to choose from considering the national debt and economy problems we are currently having as a country. 

 Our three options are as follows:

• They can let the policy we have now that's scheduled for the beginning of 2013 – which has a number of tax increases and spending cuts that are thought to weigh heavily on growth and possibly drive the economy back into a recession – go into effect. The plus side: the deficit, as a percentage of GDP, would be cut in half.
• They can totally throw away some or all of the scheduled tax increases and spending cuts, which would add to the deficit and increase the odds that the United States could face a huge problem similar to that which is occurring in Europe. The flip side of this, of course, is that the United States' debt will continue to grow.
• They could take a middle road, opting for an approach that would talk about the budget problems to a limited extent, but that would have a more modest impact on growth.

  So considering we have these three options to choose from, none of which are all good or all bad. We as a country have a big decision to make do we want to go ahead and dig ourselves further into a hole with the economy or do we want to actually try to turn this situation around and get out of this recession. I feel like we should tax those who can afford it more, and have those with less have a lower tax, however EVERYONE will have some form of taxes.