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Given the rapidly deteriorating long-term fiscal outlook, neither proposal is fiscally responsible.
First, the fiscal outlook is sunnier.
The 2014-2015 Budget : California's Fiscal Outlook.
The fiscal outlook and history suggest otherwise.
There's no denying the city's gloomy fiscal outlook.
The fiscal outlook is much worse than official projections indicate.
But, taken at face value, the fiscal outlook is still relatively benign.
It said, "The long-term fiscal outlook the administration inherited" was "more troubling" than recent deficits.
That would brighten the medium-term fiscal outlook without damaging demand now.
Investors, however, are very aware that low growth and high unemployment devastate a country's fiscal outlook.
Still, will economic recovery be enough to stabilize the fiscal outlook?
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