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GLOOMY talk and stern warnings can help assure markets that a government is taking its fiscal duties seriously.
In the European Union, countries like Germany may regard the union's more troubled nations as shirking their fiscal duties, and that makes cooperation harder to achieve.
Leaving aside the "arrogance" comment -- what's more arrogant than a minority party abusing its fiscal duties in an attempt to overturn established law? -- what's most striking about Hannity's comment is its fiscal irresponsibility.
Fiscal duties varied between 0 and 75percentt.
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To not pay attention to such risks would amount to a dereliction of fiscal duty, one analyst said.
"What happens to fossil fuel companies," says Mark Trexler, CEO of the Climatographers, a consulting firm that works with companies to identify environmental risks, "when you have two Katrinas and 23 tornadoes and the world wakes up and finally imposes a meaningful price on carbon?" To not pay attention to such risks, he said, would amount to a dereliction of fiscal duty.
Prior to 1986, there were essentially two duties, a customs duty and a fiscal duty.
Consequently, they owe a duty of care to their own citizens for fiscal responsibility.
RM: this promise has been quietly watered down from abolishing stamp duty for all new homes on brownfield sites in what is perhaps a casualty of the party's new attempt at fiscal responsibility.
Marketing divorced from fiscal responsibility.
She added that the country needed to put a budget-tightening plan in motion, but that it need not be "upfront, heavy duty" fiscal consolidation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com