‘Fiscal firehose’

This is a phrase I chanced upon while browsing the economist, at http://www.economist.com/world/unitedstates/displaystory.cfm?story_id=13568880. Something about the juxtaposition of the terms, both serious and needing immediate attention, struck me. Plus, of course, the very convenient alliteration.

While the article talks about the situation in the US, the term is applicable all over the world…

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