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There can be little doubt that the surge in oil prices that summer ate into consumer budgets at a difficult time.
The government can slash budgets at will.
–How do scaled-down budgets at state colleges and universities affect academic research at these institutions?
Most Gulf states and Russia balance their government budgets at about $65 a barrel.
Tales of tight budgets at the bottom are springing up across the country.
Pfizer had a grim record of cutting research budgets at every turn.
"They are using it to pad their budgets at the expense of the public.
Corrections have gobbled more and more of state budgets, at a faster pace than any government service except Medicaid.
Because I've always had concerns about this, I've set my daily budgets at numbers that I feel I can afford.
First, with many economies cutting budgets at once, the impact of austerity on growth couldn't easily be deflected elsewhere.
If everyone slashes budgets at once, it could well tip the world back into a deep recession.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com