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Basically, consumers are not prepared, no matter what scenario emerges from Washington.
But there are also many different outcomes, depending on the knock-on effect for the economy that scenario would entail.
Read on to see how bad it could get.
Huge thanks to Bloomberg BRIEF for permission to run their feature.
Eliminating tax breaks for the rich — a lynchpin of President Obama's — will barely affect the economy
Depending on how the fiscal cliff is resolved , there will be different knock-on effects to the economy from new income levels everyone will see
While economists disagree over how large a multiplier the country will see — even when they refer to the same outcomes — it is not likely to be small
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