But he was right to act in 2010 to make an early start in cutting the deficit.
Portsmouth badly lacked a cutting edge early on but there was no lack of purpose in their passing and approach.
In the US recently, it has become commonplace to cite the UK as a cautionary tale: a demonstration of the economic costs of cutting spending early in the recovery.
As a consequence of those early actions we're cutting taxes for 95 percent of working families.
The experience was somewhat disorienting, as the graphics are akin to what was cutting edge in the early 90s.
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They will be placed on the solid white bus lane line and are intended to deter motorists from cutting into the lane early or ignoring them completely.
The Federal Reserve gave Wall Street an early Christmas present this afternoon, cutting the Fed Funds rate by 50 basis points to 4.75%, and indicating further cuts could come.
The very, very early review makes clear that cost-cutting is the rule of the day: a 2010-era Snapdragon chip, 512MB of RAM and a fairly low-grade 4-inch LCD don't afford much in the way of bragging rights.
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"The target is to start cutting checks in late April or early May, " he said.
From the early 20th Century was a saw pit for cutting up wrecked boats.
Nissan Motor Co. notched its highest May sales ever after cutting prices on seven popular models early in the month.
He seems to be making the right moves -- cutting costs, eliminating the dividend early on, revamping product plans, mortgaging assets to raise money to fund the turnaround, etc.
Both he and the legislature have poured millions of dollars into buying more textbooks, improving teacher-training and cutting class sizes, in the early grades, from 30 or more to no more than 20.
And the present economic environment bodes less well for tax-cutting fervour than it did in the early 1980s.
When he noticed his weight going up early in the year, he decided to start cutting back on fatty foods.
He notes that National had attempted to re-energize the sales force after cutting 31% of the staff in early 2009.
The governor also said he would object to any education budget that funds early childhood programs, which he supports, through cutting integration aid, received by big city schools.
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If investors had sold commodities after the Fed changed course on Aug. 17, 2007, and started cutting rates, they would have left too early.
The oil company was in financial straits in the early 1990s when oil prices were low, but instead of cutting his losses, Li increased his shareholdings.
By the early 1990s, with oil money tapering off and the Sultan of Brunei cutting back on his jewelry purchases, Graff decided his shop near Harrods needed an upgrade.
In early experiments, the researchers have used boiled eggs, with the Smart-Tool cutting through the egg white, but stopping when it reached the yolk.
Sterling's rise from around DM2.30 in August 1996 to above DM3 early last year, and its continued strength since then, squeezed import prices, cutting the inflation rate directly, and slowed down the tradable sector of the economy.
"Picking the right investment is much like cutting cattle, " Haugerud says, harking back to her father's early lessons down on the farm.
If the leak is accurate, Bay Trail for tablets isn't expected until early 2014, by which point 22-nanometer Atoms will be a step behind the cutting edge.
Hoping to ease the likely slowdown brought on by the cuts, Athens have worked to introduce new rules aimed at cutting red-tape, which they hope will be passed and implemented by early April.
And rebellions from Mr Cameron's own MPs will be few and far between in his early months in office, as many of the things he will be doing (such as cutting public spending) will meet with their approval.
In the face of disappointing sales, Chevrolet is cutting prices across the board, even though this version of Malibu only went on sale early last year.
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Many of these new "solutions" will be appearing on the supermarket shelves early next year, says Wrap - Waste Resources Action Programme - the government agency in charge of cutting packaging.
If we look at corporate performance in the early part of 2009, when we were going through a massive rationalization of corporate expense statements, companies were cutting costs by 20% or 25% in the face of serious sales declines.
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