What Would Going Over the 'Fiscal Cliff' Mean? December 29, 2012 by No comment(s) Business, Current Affairs, Market Commentary, Trading Fiscal Cliff, United States, United States public debt Going over the 'Fiscal Cliff' may be a fear, but the debt ceiling is much scarier. Reports are that a last minute deal is imminent. What happens if they do not agree? Sources: Moody's Analytics, Tax Policy Center. via The Washington Post. Related articles Geithner – US To Hit Debt Ceiling On December 31 The Fiscal Cliff Is Just a Long-Overdue Hangover How The Media's Fiscal Cliff Hype Could Backfire Massively