Now some are labeling the fiscal cliff a fiscal crisis. What do the two have in common; both cliff and crisis are short words beginning with the letter “C.” A cliff is a precipice. A crisis is a critical moment. The two are synonyms only in the minds of the uninformed. I suspect that the term fiscal crisis will morph into fiscal catastrophe eventually. And as everyone who reads Piers Anthony knows, a catastrophe is the rear end of a cat mounted as trophy on the wall of a bar.
Please see Fiscal cliff
- We need a new name for the ‘fiscal cliff’ (washingtonpost.com)
- How The Fiscal Cliff Would Hit The Economy (npr.org)
- The Ultimate Guide To The Fiscal Cliff – Here’s What It Is, And What It Could Do To The Economy (businessinsider.com)