Unlike the Stock Market Crash, the Fiscal cliff was a decline to the deficit budget. Due to increased taxes and reduced spending, the Fiscal Cliff could have started around this period of time. According to the CBO, they believe that from Fiscal years 2012- 2022, the econony will remain at a modest pace.
The republicans found that the Fiscal Cliff would be a down fall. According to the Congressional replublicans, agreeing to increases taxed as created them has damaged the Republican brand. They do not approve of this because it has caused killer waves that will land ashore around the year of 2014.
http://cbo.gov/publication/43539
http://www.huffingtonpost.com/2012/12/13/fiscal-cliff-poll-pew_n_2292151.html
http://www.americanthinker.com/blog/2013/01/congressional_republicans_fall_off_the_fiscal_cliff.html
http://www.theatlantic.com/politics/archive/2013/01/how-the-fiscal-cliff-deal-will-define-obamas-second-term/267088/
