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Austerity redefines these things as fiscal liabilities or deficits rather than shared investments in common decency.
The most dangerous continuity between the Bush and Obama presidencies, perhaps, is their shared unwillingness to level with the country about what our current foreign policy posture costs, and how it fits into our broader fiscal liabilities.
And it is not clear that financial markets have priced in America's huge future fiscal liabilities, so a big increase in explicit borrowing could push up interest rates and scare away foreign investors.
The National Health Service has an insatiable demand for cash, which means that the chancellor will have to enforce an unpopular clampdown in other areas of public spending.There is also increasing concern about the growth in hidden fiscal liabilities.
Then there's Gov. Mitch Daniels of Indiana, who came to Washington in February and delivered the kind of speech that conservative campaigns are built on: a dense and fluent argument for limited government, rooted in the premise that America's fiscal liabilities constitute a "survival-level threat".
Both programs could be turned from fiscal liabilities into fantastic growth-generating assets if positive reforms, such as personal savings accounts for young workers in the Social Security system and a variation of Health Savings Accounts for most Medicare beneficiaries, were enacted.
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In a letter sent to principals this week, Mr. Klein called the pool a "fiscal liability we cannot sustain".
Typically, domestic and multinational companies hire a third party like the Álvarez Puga firm to arrange the payment of payroll, tax and other fiscal liability for workers.
But our worst economic bequest is the fantastic fiscal liability we're leaving our kids.
Collier et al. [9] discuss the implications of the duty of the rescue principle on treatment and prevention choices, and the size of lifecycle financial liabilities for disease intervention and its fiscal implications.
This program produced publicity materials, helped to set up local committees, sponsored debates, established a support network, carried out an investigation of workers in precarious work situations and encouraged research on the impact of the Law on Financial Liability (Lei de Responsabilidade Fiscal) on reducing precarity of work in the National Health Service [ 35].
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Justyna Jupowicz-Kozak
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