The number of people working is determined by the over-all state of the economy, to which fiscal policy is just one contributor.
This could also let some big investors make some of the "sacrifices" for which fiscal conservatives -- including some big investors -- are so eager.
Wall Street brokerages, many of which end their fiscal years in November, typically buy the assets commercial banks are shedding.
He carried a video camera into closed meetings of the city Board of Estimates, which manages fiscal affairs, and put the footage on screen.
Both of which are important conditions for the public acceptance of fiscal transfers, which the new federal regime will incorporate in one way or another.
Mr. Obama, on a diplomatic tour of Asia in which the fiscal condition of the United States has been a recurring backdrop, maintained his silence on Thursday about the particulars of the draft deficit-reduction plan the commission chairmen had released the day before.
Mr. Parsons said the commission would come up with "a set of recommendations, each of which raises different policy issues but any of which enhance the fiscal soundness of the system".
Only just wobbling out of their own recession, they are not best pleased by the prospect of their taxpayer-funded banks having to bail out a country that, as Vassilis Monastiriotis of the London School of Economics commented drily this week, completely "failed to internalise the logic of the eurozone – which is fiscal discipline".
In his speech, Mr Mukherjee proposed some useful changes to fertiliser subsidies but merely postponed discussion of fuel subsidies which wreak fiscal havoc whenever oil prices rise.Fruitful KautilyaIf the government's proposed spending reforms were lacklustre, its tax reforms were more promising.
Robert L. Bixby, executive director of the Concord Coalition, which advocates fiscal discipline, questioned how Mr. McCain's current proposals could lead to balanced budgets.
