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So far, the specter of such dire fiscal outcomes has been greeted with what amount to legislative shrugs, chiefly in the recalcitrant State Senate.
The office of the treasurer, Scott Morrison, says the childcare package is a great combination of economic and fiscal outcomes because it will boost productivity and be largely revenue-neutral.
For that reason, 84 percent of the top economists surveyed by the University of Chicago's Booth School of Business this week said the debt ceiling "periodically creates unneeded uncertainty and can potentially lead to worse fiscal outcomes" for the country.
Turnbull said Australian governments "delivering good economic and fiscal outcomes are very rarely ejected" whereas "governments judged to be inept economic managers or presiding over recessions (even recessions caused by global events) on the other hand seldom survive the next election".
Couple that with the gridlock-related slowdown in the rate of budget growth and you have the ingredients for a better set of fiscal outcomes than supporters of limited- government have seen in six years.And how about no government at all, guys?
We argue that authorities need to quickly amend the existing legislation to avoid this misguided attempt turning into a missed opportunity to improve environmental, macroeconomic, and fiscal outcomes.
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Such stories may serve to concentrate minds in Congress and bring about a more rational fiscal outcome.Mr Cantor says constituents in his Virginia district have complained that political brinkmanship has pushed the economy to the edge of disaster.
Still, proponents of the Affordable Care Act hope that its cost-reducing provisions will be more effective than expected by the Congressional Budget Office, and thus the fiscal outcome will be to save money rather than the roughly budget-neutral score estimated by the budget office if the provisions of the law are put in place.
This meant that the effect of fiscal decentralisation on individual health outcomes could thus be tested appropriately.
Of course, this prima-facie evidence does not imply causation but is suggestive of a possible link running from fiscal policy to unemployment outcomes.
These changes are sure to be welcomed by a higher education community that has an insatiable appetite for no-strings attached wealth transfers, and will work counter towards holding these institutions accountable for student outcomes and fiscal prudence.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com