This Great Graphic is from the Washington Post and Pew Research. It finds that by a margin of 51%-38%, Americans believe that President Obama and the Republican-led House of Representatives will not reach an agreement that avoids the fiscal cliff.
Given the cast of characters and pledges not to raise taxes, we had suggested that the fiscal cliff may be easier to address after the fact than preemptively.
Taking remedial action will allow some to honor the letter of their pledge and support the reinstatement of some tax breaks. The economic impact may not be so severe if the US remains over the cliff for a short period of time.