Based on what davidson says, how would you describe the term 'fiscal cliff'?

A financial precipice is a mix of lapsing tax breaks and no matter how you look at it government spending slices booked to end up plainly compelling Dec. 31, 2012. The thought behind the financial bluff was that if the national government enabled these two occasions to continue as arranged, they would detrimentally affect an effectively insecure economy, maybe sending it once more into an authority recession as it cut family unit earnings expanded unemployment rates and undermined purchaser and speculator certainty

Corruption i think

The embargo act of 1807  was a law passed by the united state congress and signed by president thomas jefferson on december 22,  1807. it prohibited american ships from trading in all foreign ports. in 1806, france passed a law that prohibited trade between neutral parties, like the u.s., and britain.