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More should be done to squeeze public spending; efficiencies could be found without salary or benefit cuts à la grecque.More important, France requires a competitiveness shock to relaunch investment and growth.
The plan would squeeze public housing support and end most federally funded community development grants, which provide services such as meal assistance and cleaning up abandoned properties in low-income neighborhoods.
So successful have David Cameron's Conservatives been in turning political debate on its head that all three main parties are now arguing not about how to beat the recession – but how far to squeeze public spending.
As state governments continue to squeeze public higher education institutions, the institutions will continue to act more like private higher education, engaging business and industry for more grants and contracts while simultaneously increasing the tuition, fee, and room and board charges for students.
The chancellor is being helped by sharply rising corporation-tax receipts and higher income-tax revenues thanks to "fiscal drag" as earnings rise faster than tax thresholds tied to prices.Mr Brown is also planning to squeeze public spending from April 2008.
Fiscal retrenchment may squeeze public sector wages, while, in parallel, labor market deregulation can reduce wages in the private sector.
Similar(53)
It has squeezed public services but generated tax revenue.
At a time when municipal and state budgets are being squeezed, public officials are loath to give up those revenues.
The social democrats have lost the connection to lower-income voters by not producing jobs and squeezing public spending.
As financially squeezed public universities increasingly turn to the private sector to generate revenue, their actions can create discord within college communities.
The primary purpose of the winter statement is supposed to be his announcement of where he will be squeezing public spending in the years up to 2020.
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