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The nation's leaders will have to deal with the long-term budget imbalances.
So Erkki Liikanen, the budget commissioner, has aired another possibility: a "generalised system of corrections" for budget imbalances.
The craft center, the ballet and the Cape May Jazz Festival, which has had periodic budget imbalances, will be the first to benefit.
Mr. Steuerle said he hoped that the additional burden would force policy makers to confront the country's long-term budget imbalances.
The IMF sees these measures as necessary and pre-determined – in most cases by the borrowing countries' having run-up unsustainable external or budget imbalances.
"Fiscal autopilot is not an option," warned Douglas Holtz-Eakin, director of the Congressional Budget Office in a no-nonsense estimate of serial budget imbalances to come.
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As a nation, we will have to right the country's severe long-term budget imbalance.
To balance the budget in the face of ever-increasing tax cuts would require untenable near-term cuts in Medicare, one of the biggest drivers of budget imbalance.
Mr. Schwarzenegger, too, expressed confidence after his meeting with Mr. Bush that Washington would be more helpful to California as it struggled to correct a serious budget imbalance.
Aron, a familiar observer of the American scene, stated, in part, that the American budget imbalance was what had first ahaken confidence in the dollar.
Years of decisions dictated by political expediency have led to a chronic budget imbalance that threatens our short-term solvency and long-term economic health.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com