Everyone seems focused on the bush tax cuts to stop us from going over the Fiscal Cliff. If the President gets his way how does this keep us from the Cliff? Sequestration was proposed by the Super Committee when they couldn't come up with a balanced budget. The higher Taxes on the top wage makers will generate about 500billion. That doesn't make a balanced budget, we currently spend about 1.2trillion more than we take in. If the President get's the higher rates on some won't Sequestration still happen? Don't we need 1.2T every year to keep it from happening?