Congressional budget rules treat the borrowing limit as a fundamental restraint on NFIP spending.
FORBES: Medicare's Peculiar Budget Rules And The Fight Over Double Counting
But there are many who argue that the tougher budget rules are an irrelevance.
American states are now constrained by balanced-budget rules, but the federal government borrows hugely to bolster demand.
Ireland holds a referendum soon afterwards on the fiscal compact, which enshrines balanced-budget rules across the euro zone.
At first chance, get rid of the destructive budget rules that set up the cliff in the first place.
Congressional budget rules ignore the trust fund and assume that spending will continue at scheduled levels regardless of its balance.
FORBES: Medicare's Peculiar Budget Rules And The Fight Over Double Counting
The aim is to compel eurozone countries to respect budget rules and avoid incurring debts like those undermining the euro now.
Agreement was reached on the fiscal compact, the new treaty to toughen budget rules, in record time: less than two months.
Thanks to technical budget rules, Congress can now kill the national, voluntary long-term care insurance program without adding to the deficit.
The procedural vote that would have allowed the Senate to waive the budget rules and move forward on the amendment failed.
IMF's behest, have limited their fiscal flexibility by introducing clear budget rules.
Even Irish Prime Minister Enda Kenny conceded that "budget rules alone will not be enough to overcome the economic crisis that faces Europe".
"Margins for flexibility were introduced in European budget rules and we will ask that they can be used, " Mr Monti said on his arrival.
But as an avowed advocate of transparency and budget rules, he may at least minimise the obfuscation and dubious accounting that have characterised recent budgets.
Mario Draghi hinted last week that if leaders could credibly commit to tougher budget rules within the single currency area, "other things might follow".
According to French Finance Minister Baroin the two will discuss how to expand the coordination of national policies and tightening of budget rules within the euro-area.
Balanced-budget rules not linked to expenditure limits, such as America's Gramm-Rudman-Hollings act of 1985 and the European Union's Stability and Growth Pact, have been less successful.
ECONOMIST: The OECD and fiscal policy: Words of warning | The
They are also playing by the Beltway's big-government budget rules.
In future, any country that seeks aid whilst trying to follow the EU's budget rules will not have to accept stringent austerity measures like in the case of Greece.
With great success, they've sidetracked immigration reform, forced Democrats to abandon their "pay-go" budget rules to contain the expanding alternative minimum tax and saved Big Oil from big energy taxes.
French EU diplomats recently stunned colleagues by arguing that, when the commission's proposals for new budget rules are debated in the European Parliament, only MEPs from euro-zone countries should be able to vote.
EU's current arcane budget rules, although members make payments to the budget which are broadly in line with their relative wealth, their receipts depend to a large extent on how productive their farmers are.
It now looks likely that all 26 other members of the European Union will agree to a new "accord" setting out tougher budget rules aimed at preventing a repeat of the current eurozone crisis.
Under congressional budget scoring rules, funding for new IRS initiatives is exempt from otherwise applicable spending caps if an initiative is projected to produce an ROI of greater than 1:1.
As Olson and her Treasury economists surely know, if the tax changes Bush did propose this year are adopted, fixing the AMT will--according to Congress' 10-budget accounting rules--become even more difficult, not less.
Nor is it against the euro, only against excessively strict budget-deficit rules (and, by implication, against cuts at home to finance bail-outs abroad).
Instead, he said the eurozone needed a "quantum" leap towards further economic integration, with tougher rules on budget discipline.
The BBC's charter, which determines the BBC's budget and the ground rules for how it operates, is up for review in 2006.
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