There will be honorable, even tortured, argument about how to spend any "peace dividend". Some people will urge reducing the deficit.
The same decision to honor private financial contracts – protection of banking deposits chief amongst them – was made across Europe, flipping the region's already over-stretched public finances into their sharpest peace-time deficits in modern history.
Surplus or deficit, peace or war, healthy growth or steep recession — anything is an argument for tax cuts.
We haven't seen this kind of intellectual consistency since George W. Bush announced that tax cuts were the only sensible response to surplus or deficit, peace or war.
Peace is bringing deficits, not dividends, to Brazil's arms-exporting industry, until recently the third world's largest.
In Washington these days, tax cuts are the solution to every conceivable circumstance — war or peace, surpluses or deficits, recession or boom.
House Majority Whip Tom DeLay summed up the prevailing mood when he said, "Nothing is more important in the face of a war than cutting taxes". In Washington these days, tax cuts are the solution to every conceivable circumstance war or peace, surpluses or deficits, recession or boom.
The data represented "a world where peace is dangerously in deficit", said Guterres.
* Earmark all of the "peace dividend" for further deficit reduction and to pay for the delayed Social Security tax increase.
Two years ago, the journal published a controversial article by Ms. Hudson and Ms. den Boer, called "A Surplus of Men, a Deficit of Peace".
