magic asterisk

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an unspecified future budget cut, especially an imaginary cut.

Etymology:

  • Coined by Howard Henry Baker Jr., from the Reagan administration's use in 1981 of asterisks as placeholders for to-be-decided cuts in government spending.
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The other technique, known as the "magic asterisk," consisted of hiding phony cuts in the small print of various budget documents in order to exaggerate the Administration's success in spending reduction and to minimize the projected deficit.

Submitted on July 10, 2018

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Nearby phrases

Some more phrases from our dictionary similar to magic asterisk

How to pronounce this phrase?

  1. Alex
    Alex
    US English
    Daniel
    Daniel
    British
    Karen
    Karen
    Australian
    Veena
    Veena
    Indian

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"magic asterisk." Phrases.com. STANDS4 LLC, 2020. Web. 2 Jul 2020. <https://www.phrases.com/phrase/magic-asterisk_26059>.

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