Newt is right. The Democrats and their lapdog media is ginning this up.
The media started bleating about this in unison the day after the election. I smelled a rat at the time. Take a look at the Google Trends report for the search term "fiscal cliff" below. That ramp up is November 7. Nobody was using that term before then. All the media outlets began talking about this that day.
https://www.google.com/trends/explore#q=fiscal%20cliff&date=today%201-m&cmpt=q
I’m not saying there’s no fiscal crisis, it’s just puzzling why all of a sudden on one day all the left wing media started bleating about it. I don’t trust them. They’re trying to set up the Republicans somehow.