Word: fiscales
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...eliminate restrictions on children 18 and under with pre-existing health conditions, such as asthma. In addition, coverage for more than seven million children in low-income families who receive health-care from the Children’s Health Insurance Program will be shielded until 2019 from the fiscal pressures facing state governments...
...currently in the early stages of the budgeting process that will lay the groundwork for the fiscal year ending June 2011. Despite the drastic measures taken last year to reduce a looming deficit, department administrators said they are looking to cope with further cuts in their allocated budgets...
Nothing could be further from the truth. Assertive Angie is no Kaiser Bill. Nor is fiscal probity anti-European - quite the contrary. Article 125 of the Lisbon Treaty, Europe's quasi-constitution, forbids bailouts for the reckless. Moreover, in the last few months the euro has lost more than 10% against the dollar, and the fiscal chickens have come home to roost. The central problem - as critics of the euro predicted before the currency's launch - is not Germany's tightfistedness; it is a common monetary policy without a common polity that sets fiscal policy. (See pictures of immigration...
...fiscal deficits of the PIIGS are among the highest in Euroland. Their unit-labor costs have risen faster than anywhere else. So their exports can't compete; hence they run some of the largest current-account deficits. What do you do when you shovel coal and run out of fuel? You borrow - as the PIIGS have done. The markets have cast their verdict on that. Now, Greece has to borrow at twice the interest rate that German bonds fetch...
...kitty as steady entitlements. And solidarity, a favorite shibboleth of all good Europeans, goes both ways. Europe should spread the wealth, but help works best when the profligate show remorse for their sins. This is why Merkel's no-bailout rule could have an entirely salutary effect, by imposing fiscal rectitude on the wayward...