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Illinois's fiscal practices are thoroughly fractured.
Mr. Koch had to take on wasteful New York fiscal practices.
Conversely, state fiscal practices have begun to shape federal fiscal decisions and, indeed, have emerged as a model for a federal fiscal reform agenda.
His economic plan is simple and clear: fiscal restraint, coupled with monetary activism.
Virginia was added to the mix because many observers believe it has the best fiscal practices.
But meanwhile, they are finally beginning to respond to criticism of the sloppy fiscal practices that have helped put the state into its fiscal morass.
For as Brown has demonstrated, even apparently clear fiscal rules can in fact be fudged.
But by Friday, Mr. Pataki had still not taken a clear fiscal position.
But one thing is clear: fiscal rectitude — which the Austrians have displayed even more than the Germans — is no protection.
As the recession has swept over states and cities, it has laid bare economic weakness and shoddy fiscal practices.
It is finally time to start paying off our foreign creditors and to adopt more sustainable fiscal practices.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com