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If the current negotiations do succeed in turning America's fiscal tide, history will conclude that the fiscal cliff made it possible.
"His focus on fiscal responsibility made the presidential debates more substantive, and resulted in President Clinton making fiscal responsibility a top priority for his administration".
Land commodification has not weakened the power of the state but instead strengthened the fiscal capacity of local governments to contest with changes in central-local fiscal relations made in the 1994 "tax sharing system".
"The E.C.B. and the fiscal agents made peace — both of them got what they wanted.
And Peter Kenen's addition, which stressed the importance of fiscal integration, made the case against the euro even stronger.
Mr. Goldsmith, a fiscal conservative, made a national name for himself by downsizing government and pushing for privatization.
Brown's fiscal rules made it harder to judge whether the government was operating within sensible limits.
Also, the city's weakening fiscal outlook made a large subsidy for such a structure more difficult to justify.
The fiscal cuts made by Italy and Spain to meet the criteria have probably been a lot more painful even than those made in Germany or France.
Lillian Roberts, executive director of District Council 37, an umbrella union representing 125,000 municipal workers, said the better fiscal picture made her union less willing to accept a wage freeze.
Michael Gove, the shadow schools secretary, said it was wrong to assume Britain's record fiscal deficit made it difficult to devolve power.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com