Exact(5)
As unemployment rises, spending on jobless benefits and other programs eases the pain without any action by politicians.
The price of a deal is tax rises, spending cuts and siphoning off billions of euros of assets into a fund to reassure creditors that their bills really will be paid.
After an encouraging start to 2010, there was a palpable fall in confidence from around August/September, which seems to have come from the fear that ran through the economy at the prospect of tax rises, spending cuts and job losses in this year.
Cable argued the public faced different choices over the way tax rises, spending cuts and welfare could reduce the deficit and added: "It would be very helpful if the OBR were to say what the consequences were of different mixes and options, then we have got the evidence to have an informed debate".
The department said the extra costs would come from tax rises, spending and public service cuts, or increased borrowing.
Similar(53)
And costs have been steadily rising, spending more and more to not even stand still.
With joblessness rising, spending on unemployment benefits is rising and tax receipts are coming in lower than expected.
As spending by large foundations and the federal government on obesity has risen, spending on tobacco control has plunged.
And there is no discussion of the $4 trillion and rising spent on our wars.
But what, ask the deficit scolds, do people like me propose doing about rising spending?
Because rising demand is the result of rising spending rather than investment.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com