Members of Congress know what they mean by terms such as ‘fiscal cliff’ or ‘Simpson-Bowles,’ but to many outside the Beltway they may as well be speaking Greek.

People_with_Speech_BubblesMembers of Congress know what they mean by terms such as ‘fiscal cliff’ or ‘Simpson-Bowles,’ but to many outside the Beltway they may as well be speaking Greek. Here’s a translation of Washington’s shorthand terminology for budgetary issues now before the country – with each entry explained in 50 words or less.

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Source: David Grant | The Christian Science Monitor