Was "the Precipice" a leftist term? See the following from Democratic Underground.

I can't get past this! As we get closer to the precipice aka the inauguration, I am feeling despair, fear and mostly anger.

I just can't get past what these [bleep] did to our country on November 5th and I am damn pissed about it. They threw away our democracy, they [bleep] on decency and they embraced pure [bleep] evil. To top it all off, they're gloating about it. The only thing that exceeds their ignorance is their arrogance.....

It goes on but ..