The so called "cliff" is on the edge of a mountain of debt. If that mountain gets higher we would eventually fall off a higher cliff. Great Britain, Ireland and Germany are handling their "cliff" at much earlier stages than Spain, Italy and Greece chose to.
Pay now or pay much more later. The eventual rise of interest rates without fixing it now is what we should all fear.
But harbingers will continue to be derided. Those without children just want to maintain their comfortable lifestyle a little while longer.
Last edited by Gunter; 12-06-2012 at 05:07 AM.