spending-cuts

Few Argentine politicians are prepared to pay the political cost of spending cuts or tax rises to pay off bondholders.

Yet the insistence on immediate spending cuts continued to dominate the political landscape, with malign effects on the U. S. economy.

Once forced to discuss deficit reduction, he said he preferred tax increases to spending cuts.

The best that America's reviled politicians could say was that the deal was a "down payment" on serious future spending cuts.

That exercise, led by Treasury demands for spending cuts, was something of a shambles.

He said the first phase of the two-stage plan called for about $1 trillion in spending cuts over the next decade.

Would he delay spending cuts for a year, as the Lib Dems wish, to get a budget through Parliament this summer?

Spending cuts and other austerity measures "might be an effective tool to contain the crisis, " he said.

Back in London, there were policy constraints, spending cuts, a diminished world role even under Mrs Thatcher.

Democrats argue, without new tax revenues, draconian spending cuts would be needed to put the United States on a sustainable fiscal path.

The dialogue seems to go like this. Pundit: "Why won't the president come out for a mix of spending cuts and tax hikes? "

It was unclear how much the new presence would cost the Pentagon, which is facing years and hundreds of billion dollars in spending cuts.

With his poll numbers at last beginning to rise from record lows, Mr Sarkozy is in no mood to make unpopular spending cuts.

Up to half a million people joined a union-organised protest in London against the British government's spending cuts.

By yesterday there were fears that the rescue plan might have trouble passing in the Senate - at least without significant spending cuts.

Others questioned the value of spending cuts at a time when the economy is struggling to get out of recession.

He said he believed both parties agree that significant spending cuts are needed and urged unity among Republicans.

Across the pond, the Bank of England lowered its growth forecasts, citing tight credit conditions and government spending cuts.

The U. S. military is facing at least $450 billion in spending cuts over the next decade.

America is bracing for across-the-board federal spending cuts, known as a sequester, that will automatically begin Friday.

it's a final step and trying to find the final solution to avoid the looming fiscal cliff about automatic tax hikes and spending cuts.

In Romania, too, public-sector unions are up in arms over spending cuts that were decreed under a bail-out agreed with the IMF and EU.

Mr Jones went on to say that the Conservatives were too focused on achieving short-term spending cuts in the department.

It also warns that the poor will probably suffer disproportionately from the public-spending cuts to be detailed in the autumn.

Americans ( not just "tea parties" ) are learning to fear deficits , but most still seem to hate tax rises and spending cuts even more .

one of the six has resorted to publishing his own plan to cut the deficit through equal measures of spending cuts and tax increases.

In terms of economics, though, the bulk of the adjustment should come in the form of spending cuts.

A week after taking office, the new Democrat Governor of California, Jerry Brown, has announced deep spending cuts.

On the whole, Republicans favour spending cuts, whereas Democrats are more inclined to preserve services, even if it means higher taxes.

Towns in the north are "dying, " and government spending cuts and youth unemployment will hasten the decline, he said.

Beleaguered Greece was hit by a 48-hour general strike, as its parliament prepared to vote on a fresh round of spending cuts and tax rises.

Better to have no deal than a deal that imposes spending cuts in the next few years.

Even if lawmakers reached a deal on their own, it would be heavily tilted towards spending cuts - the last thing a fragile US economy needs.

In Europe, without subsidies and with government spending cuts due to come into force, demand will fall further.

With revenue plummeting, legislatures and governors are often unable to agree on spending cuts or higher taxes to narrow the gap.

Instead , the coalition is just a month away from laying out deep spending cuts .

GRUMBLES about the price of petrol might seem marginal at a time of widespread tax hikes and spending cuts.

Failure to identify at least $1. 2 trillion in budget savings will trigger automatic spending cuts over a broad range of federal agencies.

At the state and local level, however, there's no doubt about it: big spending cuts are coming.

It left the specific allocation of spending cuts to be negotiated over the summer and early autumn.

And even Boehner says a broad deal with the President that includes equal parts tax increases and spending cuts would be preferable.

With less than two weeks to cut a deal on the budget, the White House has proposed more than $6 billion in spending cuts.

He may be about to become the most unpopular politician in the land as tax increases and spending cuts bite.

Governments will not be able to close their fiscal gaps through spending cuts alone.

Economists also point out that spending cuts alone do not solve the problems of countries with structural economic problems.

My boss may go easy on me, the general mood of the country will lift and even the looming spending cuts may feel more bearable.

The rationale was similar to that for chancellor Philip Snowden's emergency austerity budget of 1931, with its tax rises and spending cuts.

Getting rid of that structural deficit will require a painful combination of spending cuts and tax increases.

And on Wednesday, tens of thousands of people turned out in the streets to protest against tax hikes and spending cuts.

London School of Economics British defense expert John Kent says the deal has become a necessary result of defense spending cuts.

Moreover, it is important to understand that the proposed spending cuts come off of the Congressional Budget Office baseline.

Talks have come to a standstill just days before broad tax increases and steep spending cuts are schedule to take effect.

Europe's answer has been austerity: savage spending cuts in an attempt to reassure bond markets.

Again, tax increases and spending cuts are due to kick in at the end of the year if there is no deal in Congress.

His budget policies were inconsistent: Spending cuts in the middle of his presidency probably extended the Depression.

Nor, except in vague terms, has he offered adequate spending cuts of his own.

Eurozone states, at the behest of Germany and the IMF, demanded steep spending cuts from Greece as the price of its bailout.

Again, this compares favorably with the savings from many of the harsh spending cuts being proposed in the name of fiscal responsibility.

The defence secretary, Robert Gates, this week announced $100 billion in spending cuts over the next five years.

Spending cuts could then be sold as a necessity rather than a choice, the only way to eliminate an unsustainable budget deficit .

And unlike Greece, Portugal moved relatively quickly to shore up its public finances with a combination of spending cuts and tax increases.

And over the last few weeks, the Vice President and I have gotten both parties to identify more than $1 trillion in spending cuts.

Ireland has so far done the most to convince investors of its ability to repair its budget, thanks to tough spending cuts in the past year.

Sovereign debt, spending cuts, and social unrest were a familiar sequence across the EU.

NATO's longstanding call for allies to spend at least 2% of GDP on defence has been lost in the clamour over wider public-spending cuts.

Arnold Schwarzenegger gave details of spending cuts needed to help close California's budget deficit.

Tax increases have been ruled out of consideration; the gap will be closed solely through spending cuts.

But economist William Gale says Republicans' insistence on across the board spending cuts ignores economic reality.

Grocer discounts are at record levels in the U. K. , where Britons are spending less ahead of government-spending cuts and tax hikes.

Hensarling says the FED strategy creates considerable risk, Bernanke was asked about the looming spending cuts known as the sequester.

If the committee fails to come to an agreement by Nov. 23, however, the law calls for automatic, across-the-board federal spending cuts.

Union leaders are unhappy about the coalition's plans for sharp spending cuts over the next five years.

But the recovery was still not durable enough to survive Roosevelt's spending cuts and new Social Security tax.

The government has begun to make spending cuts, but these fall far short of what may be required to prune an overgrown public sector.

Many economists worry whether this growth can be sustained to the federal spending cuts imposed by the sequester.

Britons were more divided about the relative merits of these two approaches, with just under half favouring spending cuts.

For the public sector, that can be through a combination of tax increases, spending cuts or growth.

Many Republicans want such a commission to focus only on spending cuts and not tax increases, and some Democrats fear entitlement cuts.

The Tea Party enthusiasts are intent on near-term government spending cuts as a condition of supporting any increase in the debt ceiling.

Republicans have refused to consider any form of tax change and are insisting on spending cuts alone.

Should it fail to meet the deadline, automatic spending cuts would be triggered beginning next year.

The Senate is expected to approve a higher debt ceiling limit and more than $2 trillion in spending cuts over the next decade.

The president has urged Congress to pass an alternative deficit-reduction package of targeted spending cuts and revenue hikes.

As The Economist went to press, there was talk of a compromise that relies on spending cuts and wildly optimistic accounting.

If Democrats and Republicans fail to hash out a compromise on the deficit, draconian spending cuts will follow in 2013.

Britain is still recovering from high unemployment and government spending cuts.

A repair job on public finances stands a better chance of being durable if it relies on spending cuts rather than tax increases.

They now expect the state to clear up the financial mess caused by this greed and stupidity through public spending cuts and higher taxes.

Republicans and the administration seem bent on $1 trillion of spending cuts over the next decade.

Or we may choose a combination of spending cuts and tax increases. This brings us to the last of our cautionary tales: France.

The model is Ireland, whose brutal spending cuts restored market confidence without aid from its European neighbours.

On the fiscal side, Republicans are demanding immediate spending cuts as the price of raising the debt limit and avoiding a U. S. default.

Round the rich world a consensus has emerged that austerity should mean spending cuts rather than tax increases.

In an ideal world, countries would pair more short-term spending and tax cuts with long-term spending cuts and tax increases.

Spending cuts tend to reduce budget deficits more effectively than tax increases, so these should not be delayed.

Their spending cuts have already thrown the economy deeper into recession, leaving Greece even more enmeshed in a so-called debt trap.

Automatic across-the-board (5) spending cuts would kick in if Congress does not observe the caps in coming years.

And harsh spending cuts, while they have led to huge job losses, have failed to restore confidence.

So Ireland tried to reassure the markets with a harsh program of spending cuts.

And about those spending cuts: leave health care on one side for a moment and focus on the rest of the proposal.

As spending cuts bite, and anger swells, pressures can only grow on the cautious camp.

Gordon Brown and Alistair have said boosting the economy must be balanced with public spending cuts to repay debt.

The crisis was averted just before a midnight deadline when party leaders agreed to a deal that included spending cuts.

In the coming years, spending cuts will bite, the economy will remain sluggish and strains within the coalition will intensify.

Liam Fox, the defence secretary, has warned of the threat to the armed forces and national security posed by impending spending cuts.

The crisis in Greece has threatened to spread to other countries and has led to protests and violence over spending cuts.

As the state began issuing IOUs, a contentious special session was held in the state legislature to thrash out spending cuts.

Republicans want to use the debt ceiling vote to extract new spending cuts and budget controls from Democrats and the White House.

High school student Dory Bennett says she thinks spending cuts are needed to keep the economy growing and keep the American dream alive.

US President Barack Obama has signed into effect a wave of steep spending cuts which he has warned could damage the US economy.

Thousands of workers across southern Europe protested spending cuts.

The debt deal, which implies only modest new spending cuts in the short term, is not directly responsible for this.

It would institute across-the-board spending cuts from 2014 should the national debt continue to grow faster than the economy.

Fiscal adjustments that rely on spending cuts are more sustainable and friendlier to growth than those that rely on tax hikes.

Feeble economy or no, the talk was all of rising taxes, pay freezes and spending cuts.

Fourth, fiscal contractions that rely on spending cuts are more expansionary than tax-driven adjustment.

In addition, many Democrats are resisting the heavy spending cuts to domestic programs the White House is proposing.

Alberto Alesina of Harvard University suggests that deficit-cutting should concentrate on spending cuts, rather than tax rises.

Britain's government plans to squeeze three-quarters of its budget adjustment from spending cuts.

The president wants a mix of targeted spending cuts and higher revenues to replace the so-called sequester.

In Britain, whose economy is already relatively deregulated, spending cuts will help reduce the role of the state.

Others would be partly offset by proposed tax increases on the affluent and spending cuts.

Critics argue that the drastic spending cuts needed to balance the budget would negatively impact an already weak economy.

But it might also unduly harm the economy, which is still fragile, and, in April, faces tax increases and sharp public-spending cuts.

And Mr Christie's budget must pass through the Democrat-controlled legislature, which may prefer tax hikes to spending cuts.

Last week's plan was skewed six-to-one on spending cuts versus tax increases, according the Center on Budget and Policy Priorities.

Actions will have to include spending cuts and increases in tax, to restore revenue lost forever in the crisis.

Right now, tax increases or spending cuts would only reduce economic activity, weakening the boost the measures are supposed to provide.

By then, higher taxes and spending cuts would have made it even more unpopular.

Two immediate answers appear, which should be easier for politicians to embrace than all those spending cuts and tax rises.

Restoring fiscal control will require spending cuts (including from Social Security and Medicare) and higher taxes (not just on the rich).

The day before the spending review, Mr Miliband is due to participate in a union rally against spending cuts.

From spending cuts and coalition politics to the Israel-Palestine talks, it's hard to escape from negotiations these days.

See article And the German government talked of spending cuts and tax rises to reach its target of balancing the budget by 2015.

The plan couples spending cuts and government program reforms sought by Republicans with some additional revenues sought by Democrats.

Mr Obama's budget proposal, unveiled on February 14th, calls for $1. 1 trillion in spending cuts and tax increases over the next decade.

All the talk of spending cuts, for example, seems to have reawakened atavistic fears about Tory heartlessness.

It finds that a large part of the supposed savings from spending cuts would go, not to reduce the deficit, but to pay for tax cuts.

In Berlin, for instance, where it is a junior partner to the SPD, it has helped steer through deep spending cuts.

It is clear that there is no path to a political solution which is composed only of spending cuts or revenue increases.

The trend has been most noticeable in Europe, where every big economy has spelled out spending cuts or tax increases in recent weeks.

To balance the books, he raised some taxes, notably VAT, but three-quarters of the savings will come from spending cuts.

Spending cuts from the debt deal, even if delayed, will drag on the recovery in the U. S.

Spain's recession has entered a new phase where spending cuts risk compounding the effects of rising unemployment and weak domestic demand.

Many Democrats despise the spending cuts and entitlement reforms; many Republicans despise the tax increases.

Without unpopular spending cuts and tax increases, unmanageable deficits may choke their economies.

Union bosses are unhappy about the government's plans for sharp public-spending cuts over the next five years.

Now, against the backdrop of the Great Recession and because of the coming spending cuts, universities are set to contract.

But the ratio of spending cuts to tax hikes, and the specific composition of both, present a seemingly insurmountable stumbling block.

Doctors say government spending cuts and rising unemployment are stretching services to breaking point.

So those demanding spending cuts now are like medieval doctors who treated the sick by bleeding them, and thereby made them even sicker.

In theory, the money is conditional on spending cuts and tax rises.

The difference was largely made up with spending cuts, but several billion dollars from the fund helped.

But it is one thing to announce spending cuts, and quite another to carry them out.

Unless the economy recovers its lost output, the fiscal position will demand tough spending cuts or huge increases in taxation.

But loosening it does not necessarily mean abandoning plans for spending cuts.

US Defense Secretary Leon Panetta urged Congress to look elsewhere for spending cuts.

The walkout, called by Greece's two largest labor organizations, is the third major strike in two months against a package of spending cuts.

According to Mr Boehner, those savings would amount to at least $1. 5tn, bringing the total spending cuts under the plan to about $2. 5tn.

So the budget, when finally presented, is likely to contain some swingeing spending cuts and tax rises.

A disquietingly high proportion of the spending cuts and tax rises in the package have been put off until after next year.

His first task will be to make bigger spending cuts to meet fiscal targets agreed on with the European Commission.

They found that, more often than not, fiscal adjustments that relied on spending cuts boosted growth, even in the very short run.

Republicans say they will not vote for an increase without agreement on spending cuts.

Republican House Speaker John Boehner is demanding major spending cuts in exchange for any agreement to raise the debt limit.

With an election due by mid-2010, the focus has fallen on where any future government would aim spending cuts and tax rises.

Savings of A$22 billion, most in spending cuts, are the price.

While it is difficult to implement large spending cuts until the recession is over, the government must be more explicit in its plans.

Right-of-centre politics has played down the importance of taxing higher incomes, arguing that only spending cuts can reduce the deficit.

Despite government spending cuts in the U. S. earlier this year, Blanchard says several factors should lead to stronger growth in 2014.

And such options are available, desirable, and, in many cases, more politically feasible than front-loaded spending cuts.

Failure by the supercommittee would trigger automatic spending cuts to domestic programs and national defense.

Today, advocates of big spending cuts often claim that their greatest concern is the burden of debt our children will face.

But Senate GOP leader Mitch MCConnell says president Obama has realized republicans want spending cuts.

To non-partisans, the idea of taming the deficit by spending cuts alone flies against both common sense and arithmetic.

Republicans are threatening to reject Mr. Obama's request to raise the debt limit unless he agrees to bigger spending cuts.

But other spending cuts and higher tax revenues will also be needed.

Despite the protests this week, Greece's parliament approved spending cuts of $40 billion demanded by the EU and IMF bailout.

The statistics office said that the deterioration reflected a drop in investment and public spending cuts.

Three-quarters of the measures taking effect next year are tax increases, not spending cuts.

Britain's coalition government gets about 75% of its deficit reduction from spending cuts.

The plan's approach is correct: broadly based spending cuts combined with higher revenues through tax reform.

Voters evidently dislike tax increases much more than they abhor spending cuts.

If the bean-counters have their way, the Foreign Office will face spending cuts every bit as harsh as those in defence.

The crucial missing element in Britain's now protracted debate over its fiscal mess is where spending cuts will actually be made.

He believes that deep spending cuts would reverse this effect and thus generate private spending and growth.

The deep spending cuts have been demanded by the nation's creditors.

That will mean yet more spending cuts and tax rises to meet the deficit target of 6% of GDP set by international lenders.

To the extent that it favours spending cuts over tax rises, the budget may help growth.

First, the West's deficits should not be closed by spending cuts alone.

At issue: whether a long-term deficit reduction deal should include additional revenue, or rely on federal spending cuts alone.

The Greek civil servants' union says government workers have become the targets of sharp spending cuts.

The new government, led by David Cameron, embarked on a radical programme of spending cuts.

She suffered worst of all; schools were the worst hit by government spending cuts; the worst dressed person present.

"Making these spending cuts will require tough choices and sacrifices, " he declared.

A decade of tax rises and public spending cuts combined with rises in interest rates is virtually inevitable.

Other taxes went up this month (though the low-paid were spared the worst) and public-spending cuts began in earnest.

The government now says the Olympics will not be immune from current spending cuts, but says major projects will not be affected.

He predicted that rapid spending cuts would choke off the economic recovery that was under way when the chancellor took office in 2010.

The Republicans took the country hostage by linking the debt ceiling to their plans for spending cuts, and then refused to deviate.

The party is already neck-and-neck with the Conservatives in some opinion polls, before spending cuts have even been felt.

Most of the spending cuts are to be decided later.

And there is no guarantee that Congress will allow the deal's spending cuts to occur.

But these spending cuts will inevitably dampen growth in the West, creating yet more demand for frugality.

It's a set of spending cuts and tax increases that could go into effect soon.

Failure to pass a package would trigger $1. 2 trillion in automatic spending cuts, affecting the Pentagon as well as domestic programs.

The Republican controlled House of Representatives passed a bill early Saturday with about $60 billion in spending cuts.

More than halve the deficit by 2014 through growth, tax rises including higher national insurance from next year and spending cuts.

Spain's conservative opposition has more than doubled its lead over the government since new spending cuts were imposed.

But Boehner gave up on efforts to achieve the bigger deal involving as much as $4 trillion in combined spending cuts and revenue raisers.

The Democrats are against spending cuts, especially of entitlements.

He also opposed Mr Bush's tax cuts (because, he protests, they were not balanced by spending cuts).

The plan recommended a total of $3, 900bn in deficit reduction by 2020, with a three-to-one ratio of spending cuts to tax increases.

The spending cuts or the sequester, that issue was delayed two months, Two, there's nothing represent the debt ceiling in this bill either.

Under Mr. Boehner's plan, the debt ceiling would immediately rise by $900 billion, accompanied by the $917 billion in spending cuts.

If the panel fails to reach agreement, then the deal requires automatic spending cuts.

And what balance between tax increases and spending cuts should be struck?

I can't think of an opposition party going into an election promising spending cuts since 1929.

It is a militantly conservative proposal, calling for deep spending cuts and avoiding any and all tax increases.

All of this, combined with spending cuts mostly focused on defense, is projected to yield a balanced budget by 2021.

In the past even discretionary spending cuts ran aground when congressmen rallied to defend their favourite programmes.

Less government spending. Cuts in Medicare and Medicaid, a means test for Social Security.

Meanwhile, the House passed legislation calling for drastic spending cuts in return for raising the debt ceiling.

More than 80% of those polled in France favoured spending cuts, while only 8% supported tax increases.

Darling is himself expected to announce spending cuts in the pre-budget report next month.

involving spending cuts but heavier taxation of the wealthy.

And because broad agreements on public-spending cuts lack detail, they also lack urgency.

Robert Gates, America's defence secretary, proposed deep spending cuts.

On Thursday, a day after huge protests in Athens, the Greek parliament approved a series of spending cuts.

And the fiscal cliff of automatic spending cuts and tax increase that could hit next year, it's terrifying firms.

Mr Flight was axed after saying the Tories could make bigger spending cuts than they had publicly declared.

On the other side, we've been assured that spending cuts would do wonders for business confidence.

an automatic light switch; a budget deficit that caused automatic spending cuts.

Instead of tax hikes, Cornyn advocates deep spending cuts in most federal endeavors other than national defense.

The rest could come from spending cuts, both for social programs and the military.

In the end, all Bush-era tax cuts were extended, without any corresponding tax hikes or spending cuts to offset the fiscal impact.

It will require deep spending cuts, but may also necessitate somewhat higher taxes.

Republicans want huge spending cuts to reduce the country's massive national debt but oppose any tax rises.

True, the Lib Dems are with Labour in opposing immediate spending cuts to ease the fiscal deficit.

It would acknowledge the need for higher taxes and spending cuts.

Mr McCain and Mr Obama both plan to reduce the deficit through spending cuts, but are short on details.

These will inflict the most painful spending cuts in a generation.

The spending cuts and tax rises it will soon be implementing will add fresh strains and the pressure of unpopularity.

" Boehner also criticized the foul language: " We are serious about spending cuts seriously, and we are very fucking serious.

This is no time for loose talk about public spending cuts being responsible for the violence.

Brendan Barber, the TUC's leader, noted that spending cuts once caused "riots on the streets" .

Mr. Obama has long called for pairing tax increases with spending cuts to reduce the deficit.

The public spending cuts will mean the chop for several hospitals.

In the mid-'90s, the GOP proposed abolishing whole Cabinet departments and eliminating the deficit with spending cuts.

More recently, he irritated the right by appearing to soften his talk of spending cuts.