Exact(2)
I have become at once fascinated and dismayed by the fiscal world and, in this, I have company.
In anticipation of the end of the fiscal world as we know it, businesses are postponing expenditures, including purchases and hiring, "Stay lean and keep your inventories taut," recommends Sandy Cutler, chief executive officer of industrial equipment-maker Eaton Corp.
Similar(58)
But it's a cold hard world out there, and fiscal reality rules the roost.
It's a fiscal Bizarro world.
America's media often suggest that Congress yank money back from tax havens to alleviate the nation's fiscal woes.The world has 50-60 actaxe tax havens, mostly clustered in the Caribbean, parts of the United States (such as Delaware, Europee, South-East Asia and the Indian and Pacific oceans.
Democratic leaders are amply aware of this, and in their response to Mr. Bush's speech they articulated an unwavering opposition to the size of his suggested tax cut and an utter disbelief in his arithmetic, suggesting that he was living in a fiscal dream world.
"If there had been no fiscal stimulus across the world, world growth in 2009 would be 1.5 to 2percentt less," he said.
For much of the world, fiscal austerity is the new order of the day.
The National Governors Association, in a report last month, said states are facing "the most dire fiscal situation since World War II".
Gov. Gary Locke of Washington said the governors, struggling with the worst fiscal problems since World War II, "received nothing but great smiles and rhetoric" from the administration.
The National Governors Association, in a report issued three days before Thanksgiving, said states from coast to coast are facing "the most dire fiscal situation since World War II".
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