You have heard all the stories of what will happen when the U.S. economy falls over the fiscal cliff.
As I write this, it appears that will happen–at least on paper.
Of course, it will take some time for the tax increases to kick in, while the automatic spending cuts may take a month or longer.
That may make it easier for some Members of Congress to act. Since the taxes will have technically increased, it will be easier for them to vote for an artificial tax cut.
I consider …
Keep on reading: Where Oil Prices Are Headed In the Face of the Fiscal Cliff