Find these responses confusing? There's a reason for that.
There are two 'fiscal cliffs'. One is the automatic stuff that will happen if the government fails to enact certain spending cuts and/or tax hikes that reduce the defecit spending to a certain preset point. If they don't, certain spending cuts and tax hikes will automatically happen due to a law that was passed a few years ago. Why they call it a 'cliff' we can only guess. My educated guess is that they're trying to obfuscate the other 'fiscal cliff'.
The other fiscal cliff has been mentioned by Ron Paul--he talked about it in his weekly Texas Straight Talk not long ago. This is the point of no return where the only way we can pay the debt by destroying the dollar, an event that won't be good for the economy. Or, if not precisely that, at any rate a worsening of the depression (can we really still call it a 'recession' after over four years?) due in no small part to the fact that the nation is drowning in both debt and excess liquidity and yet still in the middle of a credit crunch.
So, people who not only can see what's going on and are willing to actually warn us about it call it a fiscal cliff, and with good reason--the Fed is setting us up for a real fall. And, next thing you know, these automatic spending cuts/tax hikes are suddenly being referred to by the entire Mainstream Mafia--er, I mean Media--just all at the same time, all using the same term, all spontaneously, as the other 'fiscal cliff'. Hell of a coincidence, huh? They couldn't be trying to obfuscate the coming crash, could they?
Nah. Only conspiracy theorists talk that way....