MarketWatch’s John Shinal thinks it’s not a big deal:
I remember, and that’s why I think the looming fiscal cliff has become the new Y2K, with its predictions of gloom and doom in the economic world once the calendar turns to Jan. 1, 2013.
Yet a funny thing happened to Y2K on its way to making mayhem: Companies and governments prepared for it. When the feared date finally arrived, it was close to a nonevent.
The villain known as the fiscal cliff now has less than a month left as a media star. The fear of it will have been worse, I believe, than the passing of the thing itself.
The scariest thing about the fiscal cliff is its name. Aside from that, it’s Congress-made problem that can be solved by Congress, if Congress has the guts to stand up to the wingnut right.
Via Philly dot com.