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There are growing warnings on Capitol Hill that the nation could be rolling toward an end-of-the-year fiscal train wreck.

"The looming tax hike will be absolutely devastating," Senate Minority Leader Mitch McConnell, R-Ky., said.

"You can call this a fiscal cliff. You can call it 'Taxmageddon' as others have done. Whatever you call it, it will be a disaster for the middle class," Sen. Orrin Hatch, R-Utah, added.

And Sen. Ben Nelson, D-Neb., said: "It's a tsunami; there's no question about it, and it's coming."

The American Dream is a crucial thread in this country's tapestry, woven through politics, music and culture.

Though the phrase has different meanings to different people, it suggests an underlying belief that hard work pays off and that the next generation will have a better life than the previous generation.

But three years after the worst recession in almost a century, the American Dream now feels in jeopardy to many.

The town of Lorain, Ohio, used to embody this dream. It was a place where you could get a good job, raise a family and comfortably retire.

On a recent evening, the Martin family of Harrisburg, Pa., had too many places it needed to be.

AnnaBelle Bowers, the 87-year-old matriarch of the family who is also known as "Snootzie," was at home — watching television and getting ready for bed.

Someone needed to care for her. That fell to Chris Martin, her 14-year-old great-grandson.

His willingness to stay at home meant his sister, Lauren, could play in a softball game.

It also meant her parents, David and LaDonna Martin, could watch.

As an increasing number of Americans live into their 80s and 90s, many families are struggling to find ways to make retirement dollars — that were once supposed to support seniors for years — now stretch over decades.

More and more, families have to care for the very elderly, as well as look after children who might be college grads but haven't found a job in a difficult economy.

All this requires one very important thing: lots of money.

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