They will also tell you that the fiscal gap is the only measure of fiscal sustainability recognized by economic theory.
Efforts to maintain some measure of fiscal discipline have hardly risen above lip service in recent years.
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What economic theory tells us is to look at the entire projected path of policy, measure its fiscal gap, and decide on the basis of the size of its fiscal gap whether the policy is sustainable.
Last week, the Brazilian senate passed a measure that grants fiscal incentives to the nuclear power industry.
Reid also could take a different revenue-raising bill from the House and rewrite it as a tax and spending measure to address fiscal cliff issues, the sources explained.
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What is clear is the requirement now is not just for more revenue, it is for a certain measure of austerity and fiscal discipline.
Nonetheless, and not to put too fine a point on it, any lawmaker who voted for the budget deal that funds the remainder of this fiscal year or who opposed the measure because it cut spending by too much ought to be impeached if he does not also vote to increase the debt limit.
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That budget measure -- a kind of fiscal doomsday device called sequestration -- was extended for two months this year already.
Deep cuts to military and other discretionary spending took effect this month, and both sides were expected to try to soften their impact through a separate funding measure for the rest of the current fiscal year, which ends September 30.
Because that measure covers government spending for the rest of the fiscal year, it could address the forced spending cuts to resolve both problems.
On every measure, Apple (AAPL) beat expectations for its fiscal first quarter ended December.
But it said passing a short-term measure added "unnecessary complications" and "needlessly" perpetuated fiscal uncertainty.
On that measure, a good budget would have been one that tightened fiscal policy which, given that Mr Brown had pledged to abide by the previous government's spending plans, meant that taxes had to be raised.
The two chambers overwhelmingly passed a bipartisan-supported measure authorising Tom Corbett, Pennsylvania's governor, to declare a fiscal emergency and appoint a receiver.
U. facilitates monetary, not fiscal union, and the bailout of Greece was sold as a temporary and exceptional measure, linked to Greek commitments to austerity measures.
In fact, in an almost miraculous measure of negligence, this particular deal will force Congress to take up debate on fiscal cliff issues again in a mere two months.
The measure is squarely directed at the poorest half of families, points out Mike Brewer of the Institute for Fiscal Studies.
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The fiscal mandate Mr Osborne set himself in June 2010 stated that he had to get rid of the deficit on that measure in the space of five years.
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