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But he still suspects that the risks of budget laxity are more tangible to his citizens than they may be to ordinary Greeks, who are shielded from currency movements".It was clear to a vast majority of the population this would be a very difficult and painful job, but that the alternative would be much worse than the austerity programme itself.
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But Mr Obama's budget director, Peter Orszag, argued that wasteful spending encourages broader fiscal laxity just as broken windows encourage criminality.
Levitt would like us to believe that Ronald Reagan's budget deficits–$1.7 trillion added in eight years–set a tone of moral laxity later aped by the likes of Enron's Andrew Fastow.
Analysts warned that deeply indebted countries like Portugal and Spain that are pushing through unpopular budget cuts may soon face an uncomfortable choice: punishment by financial markets that will hammer any laxity in deficit-cutting with exorbitant interest rates, or by an angry electorate annoyed by prolonged economic hardship.
While the Italian budget would be below that, Brussels will not be happy with what it will see as fiscal laxity.
For years, laxity prevailed.
PAGE A3 Spy Cites Laxity at F.B.I.
This laxity dates back to '25.
This laxity has helped create a monster.
Any fiscal laxity would be punished.
That laxity continued until Sept. 11.
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CEO of Professional Science Editing for Scientists @ prosciediting.com