Obviously it’s a metaphor for the Penderosky High School Fighting Pirates’ decision to let third string defensive tackle Edmund “Two Shoes” Wilson go from the team. Original
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When lots and lots of cuts are made at the bottom, it's called business and often just ignored and not even talked about.
When one cut is made at the top, it's somehow more important and significant than the thousands or sometimes millions of cuts that were already made with the poor and least wealthy.