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Slashing budget deficits and arranging short-term financing, as the IMF dictates, are the wrong solutions.
They included reforming welfare, slashing budget deficits, imposing harsher criminal penalties and cutting taxes on small businesses.
Its approach to its own fiscal situation, of tightening belts, slashing budget deficits and living within one's means is now supposed to be exported to the rest of Europe.
Currently a vice president at the Brookings Institution, he was Turkey's economy minister from 2001 to 2002 and was widely credited with bringing Turkey out of a severe financial crisis by privatizing state assets and slashing budget deficits amid fierce political opposition.
On the subject of who gets what — I also liked the fact that the president started right out demanding that Congress avoid the sequester – those slashing budget cuts that'll come March 1 if they can't come to a new agreement on debt reduction.
"It would make my life much easier," he said, "but I don't think my convenience is a high priority for the public, particularly at a time of Gramm-Rudman," the law that calls for slashing budget deficits.
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But it's also true that blindly slashing budgets is making the problems worse.
But instead of bailing out the banks and slashing budgets, as the I.M.F.
Its public finances in ruins, California was slashing budgets and laying off thousands of teachers.
He documented the decisions of state-appointed emergency managers who were hellbent on slashing budgets.
It's because local and national governments have been slashing budgets for decades.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com