A tall order: but the alternative will be stagnation and fiscal crisis.
The task ahead is to save this country from stagnation and fiscal ruin.
In the face of federal gridlock, economic stagnation and fiscal turmoil, power is shifting away from Washington, and even state capitals towards our major cities and metropolitan areas.
And the European pledge to reduce emissions by "at least" 40% leaves room to promise further cuts in Paris if other countries prove willing to make comparable commitments.As Europe's countries squabble over economic stagnation and fiscal rules, the climate discussion offered a rare opportunity to present a unified front to the outside world.
If there is a double-dip recession, a long period of stagnation, a fiscal crisis, a terrorist attack or some other major scandal or event, the country could demand total change, creating a vacuum that only the tea party movement and its inheritors would be in a position to fill.
Though the kingdom has some of the largest foreign reserves, valued at more than $600 billion, earlier this year the IMF estimated that "large fiscal deficits" amid continued stagnation in oil prices could leave the country cashless in five years.
Many investors are convinced that Athens, facing years of fiscal austerity and potential economic stagnation, will ultimately be required to reschedule its debts and renegotiate terms with lenders, a step short of a full default.
The reasons for this are obvious: Once it becomes clear that euro-zone membership is not forever, the risks of lending to other member states (or their banks) that face economic stagnation and unachievable fiscal targets within the currency will increase still further.
Ben Bernanke, the Federal Reserve chairman, said this week that the recession would end this year only if the financial system stabilises, which so far it has not.A longer recession or long-term stagnation pose two distinct fiscal risks.
"The results in the near term are an investment boom and bubble, but the longer-run consequences could be soaring inflation and fiscal crisis, followed by lengthy economic stagnation," Ryutaro Kono, chief economist for Japan at BNP Paribas Securities, wrote in a recent report.
