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Under Mr Xi he may have to revisit that fiscal settlement, giving a bigger share back to local governments.
This will make the economy work better than adding substantially to the tax burden, and it is more likely to produce a lasting fiscal settlement.
That would allow any financial and/or fiscal settlement to be a central part of the 2015 comprehensive spending review, according to the report's authors.
Yet the Reagan era also tripled the US national debt to nearly $3tn and opened up a structural hole in the US fiscal settlement which the rectitude of the Clinton years only temporarily assuaged.
But it boils down to something pretty simple and important - which is the perceived and actual fairness of the fiscal settlement for Scots and for those south of the border.
As the second richest region, with a GDP of 220bn euros a year, it has always been seen as an empty threat to go for full independence, the cynics saying Catalan flirtation with slogans around secession are mere posturing to gain a better fiscal settlement with Madrid.
Two received financial settlements.
Meanwhile, the retail sector shed 24,000 jobs, possibly an effect of the payroll-tax hike that was part of the "fiscal cliff" settlement at the beginning of the year.
Computer Associates International Inc. has reported a wider loss in net income in its fiscal second quarter on litigation settlement charges.
The settlement eases our fiscal responsibility, but not our ability to lead; it's time to let go of the politics of the past and shape policies that are about us, and not just our own.
The Liberal platform states the government will invest $100 million "this fiscal year" in refugee processing and settlement.
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