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Health services will be curtailed, pensions reduced, infrastructure projects cut, educational opportunities diminished.
But Mr. Draghi conceded that budget-cutting could push countries into recession, and he said governments should cut spending on operations rather than curtailing outlays for infrastructure projects like bridges and roads.
But federal investments in large water infrastructure projects have largely been curtailed over the past few decades.
There could be a right-left deal on curtailing some of the regulation and property-rights litigation that stymies American infrastructure projects.On the question of quality v quantity, however, the counter-argument is that the poor quality of decision-making is often driven precisely by ideological conflict over whether the government is spending too much money.
The twin scandals have unfolded even as the Obama administration urges Congress to approve a $1bn aid package for Central America's northern triangle of Honduras, Guatemala, and El Salvador in an effort to curtail undocumented migration to the US by creating jobs through US-funded infrastructure projects.
Corruption is a blight on infrastructure projects.
Big infrastructure projects are under way.
About 50% went to infrastructure projects.
"Needed infrastructure projects will be delayed".
Chronic delays afflict infrastructure projects in India.
Big infrastructure projects often move slowly.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com