Meanings
Coined by Howard Henry Baker Jr., from the Reagan administration's use in 1981 of asterisks as placeholders for cuts yet to be decided in government spending.
How to pronounce "magic asterisk":
AU
an unspecified future budget cut, especially an imaginary cut.
Example Sentences
1
I found a magic asterisk in my garden.
2
His speech was full of magic asterisks.
3
They used the magic asterisk to win the game.
4
She discovered a hidden message under the magic asterisk.
5
He waved his wand and a magic asterisk appeared.