The term “fiscal cliff” has gained traction in the U.S. news in the past few months, at least in part because it paints a vivid metaphorical picture. Popularized by Federal Reserve Chairman Ben Bernanke, the term refers to the ill economic consequences that could occur if Congress does not change its course on several policies by January 1, 2013 -- including the expiration of Bush-era tax cuts and automatic spending cuts that were agreed to in 2011.
Rapidly becoming my favourite day for blog reading!! It fills me with a sense of great hope, to know that things ARE happening, that things CAN change.. I'm feeling hopeful and hope it sticks and spreads!!
