Fiscal cliff?
<p><span word="Reader">Reader</span> <span word="question">question</span>:</p><p><span word="Please">Please</span> <span word="explain">explain</span> “<span word="jump">jump</span> <span word="off">off</span> <span word="the">the</span> <span word="fiscal">fiscal</span> <span word="cliff">cliff</span>” <span word="in">in</span> <span word="this">this</span> <span word="passage">passage</span> (<span word="The">The</span> <span word="case">case</span> <span word="for">for</span> <span word="jumping">jumping</span> <span word="off">off</span> <span word="the">the</span> <span word="fiscal">fiscal</span> <span word="cliff">cliff</span>, <span word="WashingtonPost">WashingtonPost</span>.<span word="com">com</span>, <span word="September">September</span> 19, 2017):</p><p><span word="Douglas">Douglas</span> <span word="Elliott">Elliott</span> <span word="doesn">doesn</span>’<span word="t">t</span> <span word="want">want</span> <span word="the">the</span> <span word="United">United</span> <span word="States">States</span> <span word="to">to</span> <span word="jump">jump</span> <span word="off">off</span> <span word="the">the</span> <span word="fiscal">fiscal</span> <span word="cliff">cliff</span>. <span word="But">But</span> <span word="he">he</span> <span word="can">can</span> <span word="imagine">imagine</span> <span word="Congress">Congress</span> <span word="reaching">reaching</span> <span word="a">a</span> <span word="point">point</span> <span word="at">at</span> <span word="which">which</span> <span word="it">it</span> <span word="may">may</span> <span word="be">be</span> <span word="the">the</span> <span word="best">best</span> <span word="of">of</span> <span word="a">a</span> <span word="set">set</span> <span word="of">of</span> <span word="very">very</span> <span word="bad">bad</span> <span word="options">options</span>.</p><p><span word="My">My</span> <span word="comments">comments</span>:</p><p><span word="Here">Here</span> <span word="Mr">Mr</span>. <span word="Elliot">Elliot</span>, <span word="a">a</span> <span word="former">former</span> <span word="investment">investment</span> <span word="banker">banker</span>, <span word="thinks">thinks</span> <span word="jumping">jumping</span> <span word="off">off</span> <span word="the">the</span> <span word="cliff">cliff</span> <span word="may">may</span> <span word="prove">prove</span> <span word="to">to</span> <span word="be">be</span> <span word="relatively">relatively</span> <span word="harmless">harmless</span> – <span word="it">it</span> <span word="may">may</span> <span word="even">even</span> <span word="be">be</span> <span word="the">the</span> <span word="best">best</span> <span word="option">option</span> <span word="under">under</span> <span word="the">the</span> <span word="difficult">difficult</span> <span word="circumstances">circumstances</span>.</p><p><span word="America">America</span>’<span word="s">s</span> “<span word="fiscal">fiscal</span> <span word="cliff">cliff</span>” <span word="is">is</span> <span word="a">a</span> <span word="metaphor">metaphor</span>. <span word="It">It</span>’<span word="s">s</span> <span word="got">got</span> <span word="nothing">nothing</span> <span word="to">to</span> <span word="do">do</span> <span word="with">with</span> <span word="rocks">rocks</span> <span word="or">or</span> <span word="anything">anything</span> <span word="like">like</span> <span word="that">that</span>. <span word="In">In</span> <span word="other">other</span> <span word="words">words</span>, <span word="Mr">Mr</span>. <span word="Elliot">Elliot</span> <span word="is">is</span> <span word="not">not</span> <span word="talking">talking</span> <span word="about">about</span> <span word="any">any</span> <span word="Americans">Americans</span> <span word="falling">falling</span> <span word="off">off</span> <span word="a">a</span> <span word="mountain">mountain</span> <span word="cliff">cliff</span> <span word="and">and</span> <span word="plunging">plunging</span> <span word="into">into</span> <span word="an">an</span> <span word="abyss">abyss</span> <span word="of">of</span> <span word="unknown">unknown</span> <span word="depths">depths</span>.</p><p><span word="Instead">Instead</span> <span word="it">it</span>’<span word="s">s</span> <span word="about">about</span> <span word="the">the</span> <span word="steep">steep</span> <span word="fiscal">fiscal</span> <span word="difficulties">difficulties</span> <span word="the">the</span> <span word="US">US</span> <span word="government">government</span> <span word="faces">faces</span> <span word="over">over</span> <span word="the">the</span> <span word="next">next</span> <span word="year">year</span>, <span word="i">i</span>.<span word="e">e</span>. <span word="with">with</span> <span word="tax">tax</span> <span word="increases">increases</span> <span word="and">and</span> <span word="drastic">drastic</span> <span word="spending">spending</span> <span word="cuts">cuts</span>.</p><p><span word="Fiscal">Fiscal</span>, <span word="you">you</span> <span word="see">see</span>, <span word="is">is</span> <span word="a">a</span> <span word="term">term</span> <span word="about">about</span> <span word="a">a</span> <span word="government">government</span>’<span word="s">s</span> <span word="taxes">taxes</span> <span word="and">and</span> <span word="budget">budget</span> <span word="expenditure">expenditure</span>. <span word="You">You</span>’<span word="ve">ve</span> <span word="often">often</span> <span word="heard">heard</span> <span word="of">of</span> <span word="the">the</span> <span word="term">term</span> “<span word="fiscal">fiscal</span> <span word="year">year</span>”, <span word="for">for</span> <span word="instance">instance</span> <span word="and">and</span> <span word="that">that</span>’<span word="s">s</span> <span word="about">about</span> <span word="the">the</span> <span word="time">time</span> <span word="of">of</span> <span word="the">the</span> <span word="year">year</span> <span word="a">a</span> <span word="government">government</span> <span word="calculates">calculates</span> <span word="its">its</span> <span word="earnings">earnings</span> (<span word="through">through</span> <span word="collecting">collecting</span> <span word="taxes">taxes</span>) <span word="and">and</span> <span word="spending">spending</span>. <span word="Fiscal">Fiscal</span> <span word="year">year</span> <span word="as">as</span> <span word="compared">compared</span> <span word="to">to</span> “<span word="financial">financial</span> <span word="year">year</span>”, <span word="which">which</span> <span word="is">is</span> <span word="the">the</span> <span word="term">term</span> <span word="companies">companies</span> <span word="use">use</span> <span word="for">for</span> <span word="their">their</span> <span word="annual">annual</span> <span word="calculations">calculations</span>. <span word="It">It</span>’<span word="s">s</span> <span word="the">the</span> <span word="time">time</span> <span word="of">of</span> <span word="year">year</span> <span word="they">they</span> <span word="report">report</span> <span word="their">their</span> “<span word="financials">financials</span>”, <span word="i">i</span>.<span word="e">e</span>. “<span word="financial">financial</span> <span word="statements">statements</span>” <span word="of">of</span> <span word="profits">profits</span> <span word="and">and</span> <span word="losses">losses</span>.</p>
页:
[1]