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Fiscal Cliff Definition: What is This Wacky New Word and Where Did it Come From?
Policymic ^ | 12/01/12 | Michael McCutcheon

Posted on 01/01/2013 12:59:17 PM PST by Libloather

**SNIP**

“Under current law, on January 2, 2013, there’s 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.

**SNIP**

What’s 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 1980’s, 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 ...


TOPICS: Politics
KEYWORDS: cliff; definition; fiscal; spending
Ah, drama. I always thought it originated with Hussein's insane spending habits.
1 posted on 01/01/2013 12:59:21 PM PST by Libloather
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To: Libloather

I think the “cliff” thing got old. Some “intellectual” called it an abyss this morning. That’s new.


2 posted on 01/01/2013 1:01:59 PM PST by FlingWingFlyer (Where can I pick up a 2013 Mayan calendar?)
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To: Libloather

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...


3 posted on 01/01/2013 1:09:43 PM PST by frankenMonkey
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To: Libloather
If they wanted to be more accurate they would call it the “malfeasance cliff”.
4 posted on 01/01/2013 1:21:52 PM PST by oldbrowser (They are marxists, don't call them democrats)
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To: Libloather

I thought it referred to the lemmings following Obama over the cliff to their demise.


5 posted on 01/01/2013 1:22:42 PM PST by running_dog_lackey
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To: Libloather

Ping! Nice to finally hear the etymology of the term. Knew I couldn’t rely on the MSM.


6 posted on 01/01/2013 1:49:49 PM PST by andyk (I have sworn...eternal hostility against every form of tyranny over the mind of man.)
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To: Libloather

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.


7 posted on 01/01/2013 1:53:56 PM PST by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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The Place for Conservatives

Happy New Year!!

8 posted on 01/01/2013 3:04:38 PM PST by RedMDer (Those that believe in gun free zones should post gun free zone signs on their property and persons.)
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