Cliche of the Week 119 – Fiscal Cliff

December 9, 2012 at 12:46 pm Leave a comment

America has been stretching its neck out over a cliff of a fiscal kind, trying to snatch a glimpse of the future in the depths of economic ruin, expecting a fall rather than a slide.

In November, the use of the phrase “fiscal cliff” in almost every major English language news service in the world more than tripled to 23,000 compared with the month before.

Usage has slowly built from around June until last month, when everyone starting using the cliff to express the coming fallout from raising taxes and cutting government spending in the US.

“A big coalition of business groups says there must be give and take in the negotiations to avoid the `fiscal cliff’ of massive tax increases and spending cuts.” (Associated Press, November 26)

“There could also be some caution later relating to the US `fiscal cliff’, as investors worry over whether lawmakers will reach a compromise over the forthcoming tax increases and spending cuts.” (The Wall Street Journal, November 26)

“US-based stock funds suffered the most outflows since late July as US lawmakers inched ahead in talks to avert the `fiscal cliff’ of tax hikes and spending cuts set to occur in January.” (Reuters News, November 26)

Cliché of the Week appears in The Australian newspaper Mondays. Chris Pash’s book, The Last Whale , a true story set in the 1970s about Australia’s last whaling station and the activists who fought to close it, was published by Fremantle Press in 2008.

Entry filed under: Cliche of The Week. Tags: , , .

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