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Exact(3)
Another constraint on spending has been weak growth in after-tax incomes, which have failed to keep up with inflation.
We are running enormous deficits as far as the eye can see, and this is a constraint on spending for many good causes, including my favorite, military pay raises.
The global financial crisis and subsequent constraint on spending has led to a shift in focus to more efficient models of care which can reduce high cost service use such as emergency hospital admissions.
Similar(55)
So carry on spending.
But his riches have given him license to run this year's most idiosyncratic campaign for mayor, one unfettered by the constraints, on spending, on rhetoric, or on imagination, that have dulled the actions and utterances of the mere mortals on the trail.
Thus we have a perfect test of two economic theories: one that says raising taxes and imposing binding constraints on spending will balance the budget, which was successful, and another that says cutting taxes will starve the beast, which failed spectacularly.
Italy, France and Spain have put forward budget proposals that breach previous constraints on spending and tax cuts.
Although it does not solve the basic problem, the deal would impose real constraints on spending.
The reasons are familiar: weak demand, constraints on spending and heightened uncertainty over interest rates and economic conditions.
In his view, imposing legal constraints on spending, through a balanced budget amendment or other means, is unlikely to compel effective action.
The bill reflects constraints on spending imposed by the bipartisan agreement that increased the federal debt ceiling and created the Joint Select Committee on Deficit Reduction.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com