What is the ‘Fiscal Cliff’?

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With the reelection of President Obama, the chances that the US will fall off the "fiscal cliff" may be higher than ever. Unlike funding for PBS and government-mandated birth control, this series of federal spending cuts and tax increases will impact every single one of us. But, do people even know what going over the "cliff" entails? MRCTV's Dan Joseph headed out to the streets of Alexandria, Virginia to see if people knew what the "fiscal cliff"is.