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It seems unlikely that anyone will ever write a rap musical about the foundation of the European Union, but until "Hamilton" it seemed unlikely that anyone would write one about the fiscal infrastructure of the nascent United States.
There is a corollary argument that Clinton -- by naïvely thinking we could replicate American economics in a society with no legal or fiscal infrastructure, by his softheaded personal attachment to Ol' Boris -- contributed to Russian misery.
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"If you look at fiscal reform, infrastructure, immigration and education, they are all bipartisan issues and are more aligned than some people make it seem".
It is suggested that policies should focus on those robust and relatively more important factors such as fiscal expenditure, infrastructure and economic structure.
Inconsistent administrative policies and lack of fiscal management infrastructure have been particularly damaging.
The government also plans a fiscal stimulus of infrastructure investment, consumer handouts and tax cuts worth around 3% of GDP in 2009.
The short-term relief will only add to the state's fiscal deficit, making infrastructure investment and power sector reform much harder.
In January the government commenced a new three-year IMF-backed reform program to launch fiscal reforms, build infrastructure, and implement the new constitution; however, an overextended legislative agenda delayed quick passage of the laws necessary to implement economic plans.
But the move showed the bank's eagerness to re-inject some momentum into an economy that has been hobbled by sluggish capital investment, fiscal indiscipline, poor infrastructure, policy gridlock and the gloomy global environment.
"While prolonged policy uncertainty could weigh on already weak investment growth, there could be an upside to growth from increased fiscal expenditure, especially infrastructure spending, and tax cuts," said Elena Duggar, associate managing director at Moody's.
Transforming Nassau's entrenched bureaucracy and rebuilding its crumbling fiscal and physical infrastructure will require brashness, tenacity and vision, plus a genuine passion for the details of delivering government services -- characteristics that Mr. Suozzi has amply demonstrated during four two-year terms as Glen Cove's mayor.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com