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The pledge by Britain's coalition government to drastically slash spending is bad economics and bad public policy.
The true hollowness of these proposals can be seen in the demands by Mr. Romney and Representative Paul Ryan to drastically slash the amount of state aid provided by Washington.
Department stores and specialty boutiques are expected to drastically slash inventory as consumers shy away from spending.
As the analysis states, the world will have to drastically slash carbon to avoid the kind of disastrous warming scenario.
Worse, its largest supplier, Delphi, is in bankruptcy and seems headed for a showdown with the United Auto Workers union over its plan to drastically slash labor costs.
On Monday, the maker of tractors and other construction and mining equipment said it would drastically slash senior-level compensation, while making shallower cuts lower down in the ranks.
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Which all gives new meaning to the sale phrase "drastically slashed".
LOS ANGELES — The last time Jerry Brown was governor of California, voters passed Proposition 13, drastically slashing local property taxes and constraining lawmakers from raising any other taxes.
Hemmings drastically slashed the £11.6m staffing and player wage bill, bringing in trouble-shooter Maurice Lindsay, better-known for his rugby league links, to cut it to £6.5m.
"Manufacturers have drastically slashed labor costs, but those expenditures are still dragging down profits," said Hiroaki Muto, a senior economist at Sumitomo Mitsui Asset Management in Tokyo.
After the National party came to power in 1990, finance minister Ruth Richardson introduced "the mother of all budgets", drastically slashing welfare and other spending.
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