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Exact(16)
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.
Although it does not solve the basic problem, the deal would impose real constraints on spending.
Italy, France and Spain have put forward budget proposals that breach previous constraints on spending and tax cuts.
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.
Similar(44)
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.
Mr. Ryan and Mr. Obama would impose similar overall constraints on Medicare spending, stipulating that average spending per beneficiary should not grow faster than the economy, measured by the per capita output of goods and services, plus one-half of one percentage point.
Any and all financial constraints on government spending such as issuing government bonds dollar for dollar against deficit spending, debt ceilings, and restrictions on the Fed's ability to buy treasury securities are purely political and necessarily self imposed, because they are imposed on us by our chosen institutional arrangements and not by something inherent in our economic system.
More suggestions(17)
limitations on spending
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restraints on spending
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com