The promise and peril of a colorful choice is exemplified by Mr. Ryan, who, as chairman of the House Budget Committee, has drafted budget plans that cut taxes and spending and overhaul safety-net programs, making him a hero to conservatives.
Where the next president will have to cut spending and raise taxes, Romney has told us only where he would boost spending and cut taxes.
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The moral seems to be that a country that grows by 7% annually and sticks to spending limits can cut taxes, increase government spending and cut the budget deficit at the same time.
Through those budgets, and the votes taken in the House and the Senate in this Congress, Republicans are establishing a record of cutting spending and taxes, while Democrats are establishing a record of refusing to cut spending, and raising taxes.
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At home we ended wartime controls and rationing, cut taxes and slashed government spending.
But when you cut taxes, and slash spending on public universities, what do you expect is going to happen?
Worse, the economy will soon get a further boost from Mr Ahern's pledge to cut taxes and raise public spending, as part of his wage pact with the unions, in the budget due on December 2nd.
If he wants to cut taxes and increase public spending before the next general election, he will probably be able to do so without breaking his promise to balance the budget and control public-sector debt over the business cycle.
For the next 20 years, using flashy names like Fiscal Structural Reform Act, Emergency Employment Measures and Policy Measures of Economic Rebirth, the government cut taxes, increased spending and borrowed money to finance itself.
Neighbours, such as Alberta and Washington state, have cut spending and taxes, attracting new investment as a result and have lured away several British Columbian companies.
Of course red ink remains a long-term problem, and Congress must both cut spending and raise taxes to address it.
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We now need to put up taxes and cut spending until at least 2018.
Attempts to raise taxes and cut spending have proved wholly inadequate to solving state and local government funding problems.
The trap is that if the government sets out its own plans to raise taxes and cut spending, then Labour will face more pressure to say what it would do.
Aiming to reduce the budget deficit, which at 14.3% of GDP is the highest in the EU, to 3% by 2014, Mr Cowen's government has imposed public-sector wage cuts, raised taxes and cut spending.
We need to raise taxes and cut spending.
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They say U.S. policymakers will need to lift taxes and cut spending to balance the federal budget, which has swung from a surplus of 2.5 percent of gross domestic product (GDP) in 2000 to a deficit of just under 4 percent in 2003.
It will massively increase the pressure on Mr Osborne, from both those who want him to raise taxes and cut spending further and from those who want him to alter course in next month's Budget and spend more to try to boost growth, says our correspondent.
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But while US politicians were arguing over whether to inject more stimulus into the economy, the euro was creaking under the strain of forced austerity, and a new coalition government in the UK was promising to raise taxes and cut spending to get the economy under control - Thomas Herndon's homework assignment wasn't going well.
It must enforce the rule of law, expand economic freedom, maintain a stable currency, reduce and simplify taxes, cut government spending, open up trade, and reform burdensome regulations.
First it is possible that no agreement will occur and taxes will go up and spending cut.
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Will governments cut spending and taxes and get rid of rules that gum up the labour market?
In a growing economy you could spend more on schools and hospitals and still cut taxes by spending less on welfare.
Republicans, led by the tea party movement -- the conservative wing of the Republican party -- have been hammering Obama's economic and fiscal policy since 2009, pushing GOP candidates to hold firm on pledges not to raise taxes and to cut spending.
Eurozone finance ministers have given the Greeks a fortnight to agree to cut spending, increase taxes and privatise services.
But the organisation urged rich countries to cut public spending and raise taxes soon to avoid a budget crisis.
Consequently, during the 1920s, taxes and spending were cut 50%, and about 30% of the national debt was paid off.
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Having promised to boost military spending, cut taxes and balance the federal budget, he found the third of these promises beyond his reach.
Even the center right trounced Communists (in Cyprus) but the economic policies have largely remained the same: Governments will continue to cut spending and raise taxes.
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