Skip to comments.Fiscal Cliff Definition: What is This Wacky New Word and Where Did it Come From?
Posted on 01/01/2013 12:59:17 PM PST by Libloather
Under current law, on January 2, 2013, theres going to be a massive fiscal cliff of large spending cuts and tax increases, said Bernanke, in testimony to the House Financial Services Committee on February 29, 2012.
Whats likely, is that as members on the Hill grew concerned with the stalemate over the automatic spending cuts and tax increases, the communications apparatus went to work and settled on fiscal cliff, members started using, Bernanke used it, and suddenly it explodes in the media and becomes codified as short hand for a complex issue.
There you go. From early films that use cliffhangers as cinematic devices, to 1957 editorials, into the 1980s, on to the halls of Capitol Hill, and finally into our living rooms and onto our laptops. The etymology of fiscal cliff.
(Excerpt) Read more at policymic.com ...
I think the “cliff” thing got old. Some “intellectual” called it an abyss this morning. That’s new.
If the deadline was called “Return to Fiscal Sanity” the discussions and outcome may have been different. But the GOP plays checkers while the left play chess...
I thought it referred to the lemmings following Obama over the cliff to their demise.
Ping! Nice to finally hear the etymology of the term. Knew I couldn’t rely on the MSM.
Investment managers, mostly serving local government employees and pensioners, have used the phrase more than any other individual or group. Watch the favored constituents behind the politicians.