A senior administration official called it "a deficit trigger".
But a deficit trigger like Mr. Obama now proposes ultimately could bridge a fiscal gap.
This earmark may have emerged unscathed in this year's budget battle, but because the super committee failed to produce a deficit reduction plan, triggering across-the-board budget cuts in 2013, this heretofore sacrosanct and perennially expanding budgetary line-item is suddenly and deservedly on the chopping block.
The risk now is that inflation and a rising current-account deficit will trigger a rush to buy dollars and a downward spiral of devaluation and price rises like the one that scarred the country in the 1970s and '80s.
Any increase in the Italian fiscal deficit could trigger a full-blown funding crisis.
Anti-trade or not, it is clear that the package of tariffs and other policy reforms have done little to dampen the trade deficit or trigger a broad restructuring of the supply chains underpinning American brands.
In fact, each time you reduce the unemployment level by 1%, you bring in $90 billion in tax revenue, and so a 5% reduction in the unemployment rate would trigger a $450 billion reduction in the deficit.
To add to all that, the IMF also warned that failure to deal with America's long-term deficits could trigger a bond market meltdown: "Yields near record lows are likely to adjust only upward in the years ahead".
In a letter to Defense Department personnel posted Wednesday morning on the Pentagon's Web site, Mr. Panetta warned that if a Congressional panel could not reach agreement on cuts to the nation's deficit, "it could trigger a round of dangerous across-the-board defense cuts that would do real damage to our security, our troops and their families, and our ability to protect the nation".
So any compromises that increase tax cuts' effect on the deficit will likely trigger more deficit hawk defections.
When on a tether, many sensory systems, such as the eyes, antennae, ocelli, and halteres, are not receiving the information they would in forward flight, deficits which might collectively trigger a reaction to accelerate forward by pitching downward to reorient the mean flight force vector [8].
