At the bottom of the cliff

Not surprisingly, all sides reached a deal on the fiscal cliff negotiations, so the cliff was more of a pothole. It’s rather difficult to find actual information among the news reports, but it looks like, among other more mundane things, the tax increase on 200k earners that Obama was adamant about changed to a tax increase on 400k earners, which could either be considered a win for Republicans or a compromise by everyone. Either way, it still doesn’t affect me.

In fact, according to this Fox News story, I’ll only have to worry about a few changes to tax codes that I don’t understand and frankly don’t care about, and a 2% increase in the FICA number on my paychecks. Other than that, I don’t see anything that’s going to affect me, unless I put a lot more work into building up my estate. And, well, I’ll be dead so I won’t have to worry about my estate anyway. :)

But a major part of the cliff—the spending cuts—was put off for two more months, perhaps so that it won’t be quite so much in the news next time. Everyone is now so sick of talking about the fiscal cliff that nobody will want to revisit it again in two months, unless it gets another catchy name. Maybe the Fiscal Abyss? Or the Fiscal Cliffs Of Insanity.