Spain risks a downward spiral in which fiscal tightening harms growth, putting further pressure on public finances.Reining in the deficit depends largely on regional governments.
But a failure to hit its fiscal targets would harm the coalition government's credibility.
If Congress is unable to prevent some of the expiring measures from hitting, the fiscal blow could harm two of the sectors most responsible for this quarter's decent performance: personal consumption and government spending and investment.
Their picks were based on the amount of fiscal and physical harm to patients, the vulnerability of the targeted patients and the scientific inaccuracy of the claims themselves.
I have long been concerned that my party's rigid antitax ideology is harming the fiscal health of our nation.
So the conventional wisdom about how we have to fear a Chinese bond-buying strike just doesn't make sense — and in fact it falls down in exactly the same way as fallacious arguments about the harm done by fiscal deficits in a depressed economy; basically, Erskine Bowles is making the same error as whatshisname.
In Italy, centrist La Stampa urges the EU and IMF to compromise over the terms of Greece's bail-out, warning that what it calls "Germany's fiscal dogmatism" could do more harm to Europe than Greece's debts.
Assemblyman James Gallagher (R-Nicolaus) opposed the proposal, arguing that limiting investment options could harm the funds' fiscal health.
So, our message is: explore the options to replace the sequester and fine-tune the pace of fiscal adjustment so that no harm is done to economic growth, and enact laws today that will address the medium-term threats to fiscal sustainability.
That report concludes that to date "crisis driven government and the resulting fiscal policy uncertainty has directly harmed the American economy by increasing the unemployment rate by 0.6% or the equivalent of 900,000 jobs".
