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So why is the fiscal cliff bad exactly?

Democrats get a big tax increase (revenue) - which is what they supposedly "really" want - according to the Republicans. Republicans get a huge spending cut across the board - which is what they "really" want according to the Democrats. So - both parties get exactly what they want. Bad for us I guess, since it means more taxes, but if it takes a huge bite out of the deficit is it a foul dose of medicine that we need to swallow for a year or two? Tell me why it's bad and I'll tell you which party is wrong.

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