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"Our objective should be to replace that very large set of expiring tax provisions and broad-based, automatic, pretty crude spending cuts with a more responsible, balanced glide path to fiscal sustainability," he said.
Debt is "burying the future for our kids and our grandkids", the Speaker of the House of Representatives, John Boehner, said on March 3rd, explaining why his party had just allowed crude spending cuts known as the sequester to kick in.
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Energy stocks fell as the price of crude oil spent most of the day lower.
Or when steep prices for oil lead, curiously enough, to lower American interest rates, because the money the Saudis and the Russians make from crude is spent on American Treasury bonds.
All this is not to say that such a crude approach to spending cuts isn't shortsighted.
This crude metric of spending (obtained by dividing total reported revenue by number of visits) reflects both the mix of services provided as well as the use of resources per visit.
Donald Trump is a crude buffoon who spends his days picking Twitter fights with people he sees on TV.
In essence, digital technology represents a 'productivity accelerator' where the actual value being delivered is being grossly underestimated by the use of crude measures such as spending by consumers and businesses and, therefore, GDP.
There was good news for investors concerned about pressures on spending and inflation: crude oil prices dropped $3.28, to $94.42 a barrel, in New York trading.
Certain studies indicate that the average person spends eight hours a day daydreaming, while the rest of their waking hours are spent fashioning crude fishing harpoons, palm-frond hammocks, and coconut bras.
Much of the money is spent on crude precautions: fences, guards and alarm systems.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com