The Fiscal Cliff: Absolutely everything you could possibly need to know.......

Analysts disagree on exactly how quickly the recession would begin. That’s why the “cliff” metaphor is inapt. If financial markets freak out, it might happen very quickly, proving the “cliff” imagery correct. But it might happen gradually, affirming those who’ve argued it’s a “slope.”

U.S. Government's Foreign Debt Now $47,495 Per Household,,,,,,

Foreign Debt owed now....$47,495 for each household in the United States

The debt that the U.S. government owes to foreign interests now equals approximately $47,495 for each household in the United States, according to the latest data released by the U.S. Treasury and the Census Bureau.