Going off the fiscal cliff: Just do it.

Unless the U.S. House passes the bill the Senate worked on and passed over the summer, it looks like America is going off the so-called fiscal cliff.

This means that the temporary income tax rates enacted way back in 2001 and 2003 will end, and “current law”, which are the higher rates that had been in effect from 1993 to around mid 2001, will be the rates for 2013.

As an old boss of mine used to say, “no way to run a railroad”.