I chose that tabloid title because posts here about America's fiscal woes are mostly a list of milestone events, to be gathered into the one timeline at a future date; and although the buzzword of the moment is "sequestration", that is so uninformative that I could glaze over and miss it. No, the story is that the fiscal cliff was avoided at the start of 2013 by a deal between Democrats and Republicans; they couldn't agree on everything, so they avoided the cliff while deferring certain issues, by agreeing that big cuts in the budget of government departments would come in automatically, in two months' time; and now it is two months later, and the cuts are about to occur.
edit ZH argues persuasively that this is all still epiphenomenal.
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