While working his way up through the ranks of the Navy, Secretary Lehman held a variety of positions including: President of the Abington Corporation, delegate to the Mutual BalancedForce Reductions negotiations and Deputy Director of the Arms Control and Disarmament Agency.
Germany's new balanced-budget amendment to its constitution will force it to pursue a tight fiscal policy, unless the coalition circumvents it to permit tax cuts.
But a new balanced-budget amendment to the constitution will force Germany to slash spending or raise taxes next year the opposite of what is needed to correct Europe's imbalances and shore up growth.
The whole point of the sequester was to force the politicians to come up with a better way to work towards a balanced federal budget and avoid an even worse outcome: lack of any serious action on the deficit and a debt crisis that could ensue.