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Notwithstanding that subnational units collect another 25% of GDP in taxes, the distribution of fiscal responsibilities places the burden of the public debt mainly on the central government.
Notwithstanding subnational units collecting another 25% of GDP in taxes, the distribution of fiscal responsibilities places the burden of the public debt mainly on the central government, hence the intractable federal fiscal deficit.
Similar(58)
"This is the exact opposite of fiscal responsibility, the exact opposite of being fiscally conservative.
One of those is a guarantee of fiscal responsibility.
Think of it as an act of fiscal responsibility.
The issue of fiscal responsibility isn't going away.
"This weakens the foundation of fiscal responsibility and self-discipline".
We need to find again our sense of fiscal responsibility.
"It violates every principle of fiscal responsibility that I know".
Whatever happened to Alan Greenspan, the high priest of fiscal responsibility?
First, America must maintain our record of fiscal responsibility.
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