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Experts argue over whether tax benefits are part of federal spending policy or tax policy.
The Bush administration did little with tax and spending policy to combat the recession.
With the Fed all but sidelined, the focus is shifting to tax and spending policy.
Labour tried to exploit this politically by depicting this as a Tory spending policy.
Yet sovereign countries are reluctant to hand over politically tricky tax and spending policy to an unelected committee.
But this just illustrates the foolishness of making firm commitments about tax and spending policy so far in the future.
Yet the nation is at peace and the federal government has instituted no major changes in tax or spending policy.
Walk Unlimited, a social enterprise, took over promotion of the national trails in 2012 when government spending policy changed.
The struggle on the spending measure underlined the divide over spending policy that is confounding House Republicans.
On Capitol Hill, the signs of a slowdown focused new attention on the economic implications of the partisan standoff over tax and spending policy.
Mr. Romney repeated an outright lie about Mr. Obama's military spending policy to make himself appear more concerned about America's defense.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com