Five reasons why America won’t fall off the “fiscal cliff”

All this hand wringing over the fiscal cliff will likely be for naught. Why? Because while Republicans and Democrats may disagree about the specifics, they both understand that allowing the deep spending cuts and large tax hikes to take effect would be disastrous for at least five key reasons. Think of them as the 4 Rs and one M: recession, retirement portfolios, re-election, reckless cuts and the middle class.

Read the story.