Exploring the pathways of our lexicon
November 16, 2012By Ben Zimmer
Last February, Federal Reserve chairman Ben Bernanke warned the House of Representatives that "under current law, on January 1st, 2013, there is going to be a massive fiscal cliff of large spending cuts and tax increases." Now, with the election over, President Obama and the lame-duck Congress are trying to figure out a way to avoid the "fiscal cliff." But where did the phrase come from? And is the cliff metaphor really so apt? Continue reading...