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Enforced deficit reduction, he said, was an "economic aberration" and "financial absurdity".
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It can't just be about enforcing deficit principles".
But with the onset of the euro zone's debt crisis in 2010 the response has been to try to make them even stiffer.At Germany's insistence, the euro zone first gave the commission more powers to monitor and enforce deficit limits, including the threat of "semi-automatic" sanctions for rule-breakers.
Senators have also failed to agree on a mechanism to enforce a deficit reduction plan.
So far, EOPYY has just created successive deficits enforced by the reasons set briefly above.
And several bipartisan nongovernment groups have recommended debt and deficit targets enforced by the threat of automatic spending cuts and tax increases.
She would like to see strict deficit controls enforced across the euro zone by the European Court of Justice, as part of the broader ceding of national power at the heart of her vision for more centralization.
Since at least 2005, the central bank has clashed with political leaders over their failure to enforce limits on deficit spending and total debt that are part of the treaty that governs the common currency.
The bank said the rules on debt and deficits should be enforced automatically, without too much discretion for political leaders to allow exceptions.
After dismissing Hampshire for 239, a first-innings deficit of 164, Worcestershire enforced the follow-on and soon had the visitors 40-4.
McCain was a strong supporter of the Gramm-Rudman legislation that enforced automatic spending cuts in the case of budget deficits.
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