It is affecting everyone so I think we need fiscal conservatives, and we need some bold people willing to make changes and they are from both sides.
Is there going to be any warning that they need to do fiscal consolidation just like the federal government might need to do fiscal consolidation?
Any new fiscal rules need to allow for tax and labor-policy competition.
Fiscal conservatives need to clearly articulate their understanding of the importance of renewing our infrastructure as a vehicle for creating jobs and improving the economy.
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Fifth, fiscal conservatives need to scrutinize defense spending, too.
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For every critic who wants it to demand tighter belts, there is someone who thinks battered economies need fiscal stimulus, not austerity.
Once countries can no longer use monetary policy to moderate national highs and lows in economic activity, fiscal policy will need to assume a greater, nationally differentiated, counter-cyclical role.
If this spending growth continues over the next few years, while growth in tax receipts remains low, "then the large planned fiscal tightening might need to be increased", she said.
But when we talk about the need to get our fiscal house in order, we need to address non-defense discretionary spending, defense spending, revenue as well as health care programs like Medicare and Medicaid.
"If the huge scale of the environmental challenges facing us is to be addressed, environmental taxes and fiscal incentives will need to play a far larger part that they currently do, " add the MPs.
But he will continue to speak about the need for long-term deficit reduction, the need to get our fiscal house in order, the need to take a balanced approach that allows our economy to continue to grow and our economy to continue to create jobs.
That's why he thinks that we need a fiscal commission in place to help get bipartisan support for some of the elements that we need to put in place to bring down the deficit in the long term.
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Japan's fiscal problems, the need to allocate resources better in the economy and the risks of deflation: all need to be considered together.
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But large and persistent surpluses in countries like China mean continued demand for American assets, reducing the need for fiscal adjustment by either country.
"It looks very closely at the need for fiscal responsibility, backs up longstanding manifesto commitments and includes an innovative proposal for broadcasting, " he said.
The elephant in the room: the eventual need for fiscal tightening.
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But we have faced such challenges before, and have always been able to balance the need for fiscal responsibility with the responsibilities we have to one another.
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He implores the prime minister to ditch this artificial dividing line and be candid with voters about the need for fiscal retrenchment whoever forms the next administration.
This issue is not much considered by mainstream economists, who are too busy focusing on monetary policy, the impact of fiscal austerity or the need for labour-market reforms.
As other countries struggle with fiscal penury and the need to find new sources of growth, the government's approach to Silicon Roundabout could become a model to emulate.
Neither public support, nor the need for fiscal discretion, will have been tested properly until part or all of the euro area passes through much thinner, more difficult times.
If we're going to win this battle over fiscal responsibility, we need more of the people who vote right and fewer of those whose seniority is their only selling point.
But the study is also a reminder of something more basic: In considering the fiscal position, governments need to consider not just what will happen if the economy continues broadly on track, but also if it gets into trouble.
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In addition, there is such widespread agreement on the need for fiscal stimulus at the levels of hundreds of billions that it might, paradoxically, become politically easier to slip another large programme into the mix, especially one that benefits ordinary people rather than bankers.
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Professor Anton Muscatelli believes the current fiscal crisis has emphasised the need for a fresh revenue.
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For any kind of fiscal discipline, Sinha will need to abolish many more posts.
The pact may be flawed, but the euro area still has fiscal problems which its members need to address.
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