The key right now is to get a long-term plan for fiscal stability.
WHITEHOUSE: President Obama��s Town Hall in Cannon Falls, Minnesota
That seemed brave, but it risks jeopardising the complete overhaul of the federal system that is crucial to the country's medium-term fiscal stability.
Last month, the Energy Security Leadership Council detailed an oil security plan to improve the U.S. economy, promote fiscal stability, and protect national security.
Unlike rich countries, this argument goes, Latin America may gain more in the medium term by defending its hard-won fiscal stability and relying on the outside world for stimulus.
But if America hopes to catch the next technological wave and ride it to fiscal stability, it will have to invest much more in its innovation economy, returning to levels not seen since before 1980.
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There can be no security anywhere in the free world if there is no fiscal and economic stability within the United States.
Instead, America needs to get its macro-medicine right, in particular by committing itself to medium-term fiscal and monetary stability without excessive short-term tightening.
When a Eurozone country is in dire fiscal straits or breaks the stability pact (Germany and France like to flout its rules), fines just make the fiscal hole deeper.
Labour's record of economic stability and fiscal prudence does not impress in Sparkbrook.
In addition to low fiscal debt and political stability, the country's exports grew 17% in 2011 compared with a year earlier.
As members of Boris Yeltsin's government, they talked of macroeconomic stability and fiscal discipline but never presented policies that resonated among ordinary Russians.
ECB, whose sole goal is domestic price stability, while fiscal policy remains almost wholly a national concern.
Current proposals to allow member states to scrutinise the budgets of other countries, and pass judgment, before they are adopted by national parliaments, would make government's "more keenly aware" of the fiscal strictures agreed in the stability and growth pact, he argued.
EU's stability and growth pact, fiscal policy in the euro area will be slightly contractionary in both 2003 and 2004.
On fiscal policy, too, euro-area governments have been reluctant to ease the requirements of the growth and stability pact, despite a widespread view that some fiscal loosening would give a much-needed spurt to European growth.
For reasons of strategic stability, sound program management, fiscal responsibility, allied relations and procurement reform, the Congress should reject the proposed suspension of Trident II production in FY1990.
He cites the precedent of Lionel Jospin, who demanded a renegotiation of the fiscal pact's unlamented predecessor, the stability and growth pact, when he became France's Socialist prime minister in 1997.
This is even more important when fiscal policy is also severely constrained by Europe's stability and growth pact.
Indeed, the letter to Mr Bernanke criticises QE2 in much the same language used to oppose fiscal stimulus: as a dampener of business confidence and stability.
Seen from Brussels, Italy is increasingly the big test of the new (and weaker) stability pact, which is supposed to set fiscal rules for euro members.
Fiscal challenges aside, the dollar is increasingly seen as offering relative stability at a time when alternative governments face difficulty in maintaining the recovery thanks to external challenges.
Our fiscal policy, like our monetary policy, is designed to support stability in these uncertain economic times generated by the turbulence in world financial markets and global commodity price inflation.
LSE's Mr Layard argues that the stability and growth pact will not constrain the role of fiscal policy in stabilising the economic cycle, because the British budget is in balance.
Not only has the stability and growth pact, which was supposed to help force fiscal policies into rough alignment, been weakened.
Second, fiscal policy in the euro area is constrained by the European Union's stability and growth pact, which limits budget deficits, while wages and prices are less flexible than in America.
The 2011 Index of Economic Freedom, which is a joint project of The Heritage Foundation and The Wall Street Journal, ranked 183 countries based on 10 measures that evaluate such things as openness to trade and investment, government size, fiscal soundness, business and labor regulation, property rights, corruption, monetary stability and financial competition and transparency.
The fiscal and current-account surpluses that underpinned the country's new-found stability are dwindling.
But why not, for the sake of the middle class, for the sake of economic stability, for the sake of dealing with a large portion of the fiscal cliff, pass the tax cut for 98 percent of the American people today?
"The business is more defensive than most, " says Joe Box, an analyst at KeyBanc Capital Markets in Cleveland, adding that this stability may be especially useful if politicians can't avoid the "fiscal cliff" of slated tax increases and spending cuts at year-end.
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