If we continue to base our policy on a 10-year-old strategy and an underfunded budget, continually salami-slicing equipment, Britain's military effectiveness will suffer a lingering decline.
"Specifically," said the head of the Meredith Whitney Advisory Group, "we expect a tsunami of debt issuance from federal, state and local governments ramping up debt issuance to fund woefully underfunded budget gaps".
Financing education According to Ms. Wazir Ali, the economic downturn caused by last year's floods – combined with a traditionally underfunded education budget – seem to have significantly stalled Pakistan's progress towards achieving the MDGs.
If we want sustainable social care for the future, quick fixes won't help, although there are plenty being tried – from underfunded personal budgets policy to the so-called "three conversations" technique.
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The story encapsulated an alluring theory: Doom beckons if Mr. Emanuel doesn't largely solve ills of the budget, underfunded pensions, schools, police, City Council, mass transit and even a policy-averse press corps accustomed to unscripted venting perfect for sound bites.
Still, our judgment as voters may not reflect the obsessions of journalists, like the budget and underfunded pensions — at least not until they have a palpable impact on daily lives.
Governors and legislators in 10 other states, including California and Illinois, are proposing their own pension changes as they grapple with budget deficits and underfunded pension plans.
Monetary policy is already impotent, and state and local governments are retrenching due to budget deficits and underfunded pension funds.
Shadow Welsh secretary Owen Smith welcomed the principle of allowing borrowing but claimed Wales was still underfunded and that the Welsh budget was being "hammered" by spending cuts.
The global network of research centers, which many have long seen as underfunded, has now doubled its budget in 5 years.
