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But governments could come to rely on such purchases to finance budget deficits.
The worsening situation led to large drawdowns from the Revenue Equalization Reserve Fund to finance budget deficits.
Indeed, such "quantitative easing" is an augury for the option to be tried in extremis: reflating the economy by printing money to finance budget deficits.
The agreement also provides for major new committees, on which all members would sit, to decide questions of finance, budget and auditing, design and construction, and legal representation.
According to a recent survey by the state Council of School Superintendents, most of a superintendent's working hours are spent on school finance, budget referendums, negotiations and board relations.
At the same time, the problems of Europe's banks also mean it will be difficult for the spendthrift faction of European nations to rely on them to borrow aggressively to finance budget deficits, largely with impunity, as they did until 2008.
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Nassau and Suffolk Counties depend heavily on sales taxes to finance budgets.
Instead, legislators use a large portion of the collected funds to finance budgets unrelated to tobacco's societal costs.
Too bad the United States government — and European ones, for that matter — can't finance budgets this way, issuing zero-coupon perpetual securities, as Breakingviews suggested in an April Fool's prank in 2006.
The bridegroom's mother is the director of finance, budgeting and operations at Eastham Associates and also for Project Energy Savers, a Washington group that produces books, booklets and calendars meant to influence decisions on how families use energy.
With more than half of the 2.7 million federal employees retiring soon, there will be great demand for those who work in finance, budgets and accounting.
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