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(3) The state may itself undertake an activity that cannot be financed by sale of services, the most obvious example being national defense.
Second, can a mayor committed to the redistribution policies de Blasio outlined in his campaign, policies that cannot be financed with a tax hike on the super wealthy alone, hold his coalition together?
A successful investment banker and former secretary of commerce, Peterson blames all sides for our bleak fiscal future, brought on, he argues, by undertaxing, overspending and recklessly promising government benefits that cannot be financed.
One might view the Web site Kickstarter as a similar type of entity, because it raises money from individuals to fund a variety of undertakings they view as worthwhile but that cannot be financed through traditional channels like investors or foundations.
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And even that spending cannot be financed without dipping into surpluses of either the Social Security or Medicare systems, which Republicans have promised not to touch.
The motion passed by German lawmakers states that the EFSF cannot be financed through the ECB and with a leveraged EFSF, the central bank will no longer need to buy bonds on the secondary market.
The judge ruled that the Obama administration's policy was illegal because the administration's distinction between work that leads to the destruction of embryos — which cannot be financed by the federal government under the current policy — and the financing of work using stem cells created through embryonic destruction was meaningless.
"Everybody agrees that our state pension system — our so-called Generation Treaty, which dates to Bismarck — cannot be financed anymore," says Bernd Bieber, a money manager and venture capitalist based in Frankfurt.
Unlike national budgets, the EU budget cannot be financed by borrowing and deficit spending is outlawed.
Clearly, such a program cannot be financed entirely by Iraq's oil reserves.
"The children's check cannot be financed," said Franz Pacher, a businessman who is president of the Carinthian Chamber of Commerce and who opposes Mr. Haider.
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