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Richard L. Sigal, a lawyer who has played roles in many fiscal crises, including New York City's in the 1970s, was wary of bankruptcy, arguing that the Chapter 9 law does not bestow the power to tax, cut spending or borrow — the tools that struggling governments need.
In his 2012 budget, Mr. Obama did not propose significant savings in Medicaid or Medicare, even though he and many fiscal experts say the programs are unsustainable in their current form.
Many fiscal experts say this is folly.
Not surprisingly, many fiscal analysts said the idea worried them.
Scotland would reap many fiscal and social benefits from a universal childcare system.
But not even the pessimists expected to become so paralyzed on so many fiscal issues.
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Many 1960s gangsters are dead.
"But so many today are gone".
So many winter days I've seen.
Still, many New Year's traditions endure.
Not many this winter.
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