Fiscal cliff tensions mount

How much money will the fiscal cliff cost you?

CHARLOTTE, NC (WBTV) - Promoting his plan to avoid the fiscal cliff, President Obama sat with a middle class family on Thursday.

"For them to be burdened unnecessarily because Democrats and Republicans aren't coming together to solve this problem gives you a sense of the cost in very personal terms," he said.

And in North Carolina, Senator Kay Hagan tried to give you an idea of how it all will affect you here.

She said if key compromises are not met, you can expect to see taxes spike by about $2200 for a family of four.

She also said we'll lose a lot of defense-related jobs - almost 35,000 of them.

"Military bases of course are a major employer both for those in the military and civilians that live around the bases in those communities," says Winthrop Political Science Chair Karen Kedrowski, "so any significant military cuts could have many ramifications in the economy of the Carolinas.

We would also lose local government jobs.

Ryan Gurganious works for the Social Security Administration in Charlotte. "We've already lost 8,000 employees in the last year and half through attrition," he says.

Kedrowski says local social programs will suffer. "They'll often receive a lot of their operating funds through the federal government, and then various entitlement programs," she says. "Food stamps, Medicaid funding - the state supports a lot of elderly people in nursing homes."

But she doesn't have much hope that any of this will move mountains in Washington.

"As long as there it time to waste before the absolute deadline, I think they will waste it," Kedrowski says.