That deadline was set in light of fiscal realities, according to one city official.
But then this is a writer who will never use the expression "low tax" when he can reach for that providential euphemism "light touch fiscal policy".
Marie Diron, a senior economic adviser to Ernst & Young, said the package was "surprisingly light on fiscal measures, probably reflecting the fact that Portugal already had significant plans in place and that further tightening measures would face decreasing returns".
In light of fiscal and economic uncertainty in Europe, combined with lackluster domestic job creation, the FCC should be careful not to inject more uncertainty into a marketplace searching for stability and increased investment.
On this score too, America ranks way behind European and Asian countries, such as the U.K. and Singapore, where civil servants prepare the entire federal budget and other legislation after thorough consideration of the needs of the full population and in light of fiscal sustainability.
The chancellor will be wary of slowing the pace of welfare cuts in light of his fiscal consolidation commitment.
In light of the fiscal constraints facing E.U. member states, an economic pact with the United States is one of the few options available for stimulating growth and employment.
So, yeah, I worry about its impact, but I think that, you know, we have to consider it in light of the fiscal reality.
"In light of the fiscal difficulties that the M.T.A.'s facing, we have set out to basically look under every rock for ways that we can cut costs and raise revenue," said Jeremy Soffin, a spokesman for the authority.
He has favoured free trade, low taxes, light regulation and fiscal responsibility.
