Some are so ill-thought-out that they achieve the opposite of their intent: for all its small-government pretensions, Proposition 13 ended up centralising California's finances, shifting them from local to state government.
The legislation would also change the way the rest of the Medicaid system is financed, shifting to a "block grant" model in which Washington would pay a fixed amount to the states for each recipient.
As a group of academic economists pointed out at the weekend, cutting back on spending to produce a surplus in the public finances shifts the burden of borrowing to businesses and households to maintain the current level of GDP.
CHANGING FACE OF FINANCE | The $8.2 billion deal for the New York Stock Exchange showed how the power base in finance has shifted.
Vincenzo Visco, the former finance minister, shifted to the treasury.
This policy, which requires OPIC to reduce its fossil fuel financing and increase its renewable energy financing, has shifted the agency from providing $131 million in renewable energy projects in 2009 to now around $1 billion annually -- roughly 30percentt of total agency financing -- to the developing world.
The French complained that the running of the GOC's finances has shifted from the Central Bank to the Ministry of Economy and Planning and, with that shift, the French no longer have any access to officials or information.
A federal investigation of Senator Robert Menendez over potential conflicts of interests with recipients of government financing has shifted focus to the lobbying work of his former chief of staff and confidante, according to lawyers and others familiar with the case.
"With our Series B round of financing, we shifted our focus to data analysis and expanded the scope of our coverage beyond analysis of user activity to App Store/Google Play market data and purchase history data.
At the same time, Fisher says, the arguments for more women at the top of finance are shifting in fascinating ways.
