Governor Bruce Rauner has removed several items from his reform agenda but says he will not accept any tax increase without at least some structural reform and will not sign the imbalanced budget the Democrats have proposed.
Yes, the I.M.F., which must lecture the profligates of the globe, is worried that a structural deficit will push up interest rates and restrain growth as America ceaselessly borrows to steer red ink from imbalanced budgets onto future taxpayers.
Nowhere have the changes been more evident than in the administration's early actions in what is likely to be a long-running, contentious and politically defining debate over the chronically imbalanced federal budget.
As a nation, we will have to right the country's severe long-term budget imbalance.
Mr. Schwarzenegger, too, expressed confidence after his meeting with Mr. Bush that Washington would be more helpful to California as it struggled to correct a serious budget imbalance.
Aron, a familiar observer of the American scene, stated, in part, that the American budget imbalance was what had first ahaken confidence in the dollar.
Years of decisions dictated by political expediency have led to a chronic budget imbalance that threatens our short-term solvency and long-term economic health.
Republicans on the House Financial Services Committee recently proposed that the organization be abolished in a letter sent to the Joint Select Committee on Deficit Reduction, a new body that was charged with finding ways to address the budget imbalance.
Mr. Geithner said at the Nov. 19 hearing that "substantial resources" remaining in the TARP fund would be used to pay down the national debt, which is being pushed higher by record deficits including a $1.42 billion imbalance for the budget year that ended Sept. 30.
Confronting that structural budget imbalance between expenditures and revenues is the core objective of Lt. Gov. Richard Ravitch's fiscal rescue plan, even though many have sought to focus solely on the plan's provision for borrowing over the next three years as a last resort.
