Monday, 31 December 2012

Fiscal Cliff

Please, please will someone truthfully explain the 'fiscal cliff' to me?

(Clearly I am not MW!)

My latest blogpost: Fiscal CliffTweet this! Posted by Lola at 18:09

4 comments:

Anonymous said...

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.

31 December 2012 at 18:53
Chuck said...

A Scottish version of an elderly rock singer?

31 December 2012 at 19:16
Mark Wadsworth said...

L, it's just a made up phrase like "pensions time bomb" or "catastrophic climate change" or "peak oil".

31 December 2012 at 19:22
Lola said...

Thank you all.

31 December 2012 at 23:53

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