Please, please will someone truthfully explain the 'fiscal cliff' to me?
(Clearly I am not MW!)
My latest blogpost: Fiscal CliffTweet this!
If they don't make a deal in a couple of days then "discretionary" spending (ie. military and some welfare state) will be frozen for a year, then start to increase again. Also the Bush tax cuts will expire.
A Scottish version of an elderly rock singer?
L, it's just a made up phrase like "pensions time bomb" or "catastrophic climate change" or "peak oil".
Thank you all.
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