So, the fiscal cliff. Barring a semi-miraculous breakthrough, it looks like it will be around until at least January. In other words, a deal is not close. That's left both sides scrambling for a backup plan, which could leave all of us scrambling for more cash in the new year. Indeed, as Greg Ip of The Economist points out, the fallback option Democrats are talking about now, a bill the Senate passed last summer, wouldn't undo nearly enough of the austerity set to kick in.