In fact, no, education spending should not be cut.

Cut public sector spending directly, while creating incentives to induce lower private sector expenditure.

Well in order to accommodate that, you would have to cut education spending in half.

The best way to get someone to cut their electricity bill is to show them their own spending, to show them what their neighbors are spending, and then show what an energy conscious neighbor is spending.

According to an official press release of the Government of American Samoa, budget spending showed an excellent response from government departments on a directive to cut and tighten spending.

That way, when they make more money, when they get a pay raise, they don't have to cut their spending.

Certain of its programmes had had to be cut back or abandoned and spending per refugee had dropped in recent years.

Health spending Health spending Spending

If contributions to the fund were made in times of prosperity, Governments would not need to cut spending during less affluent periods.

State and local governments have cut spending and payrolls significantly. And federal purchases of goods and services have been declining since 2010, when the temporary additional spending in the 2009 stimulus package came to an end.

One budget area can and should be cut military spending. But even if America s wildly excessive military budget is cut sharply (and politicians in both parties are resisting that), there will still be a need for new taxes.

Until recently, the OBR, broadly in line with the IMF, assumed a fiscal multiplier of 0.6 for every dollar cut from government spending, the economy would shrink by only 60 cents. This assumes Ricardian equivalence debt financed public spending at least partly crowds out private spending through its impact on expectations and confidence.

But, they fear that calling for spending cuts will be unpopular, unlike, they hope, demands to balance the budget. For them, the problem with the fiscal cliff is that it does not cut spending enough and raises taxes too much.

The cut in social spending by the Government had the effect of lowering the quality of public education and reducing the coverage and quality of health services to the population.

The problem for the rich is that, other than military spending, there is no place to cut the budget other than in areas of core support for the poor and working class. Is America really going to cut health benefits and retirement income? Will it really balance the budget by slashing education spending at a time when US students already are being out performed by their Asian counterparts?

The slump had been created by fiscal extravagance, they insisted, and therefore could be cured only by fiscal austerity. And not any old austerity it was spending on the poor, not the rich, that had to be cut, because such spending was the real cause of the trouble.

Cut. Cut. That won't do.

Spending rate

Social spending

Spending it?

(f) Military spending, and the extent to which spending on external security can be translated into spending on social security .

Another factor holding back recovery has been weak growth in spending on goods and services by both state and local governments, and more recently by the federal government. Indeed, since the recession s onset, state and local governments have cut nearly 600,000 jobs and reduced spending for infrastructure projects by 20 .

So this notion of loss aversion kicks in when it comes to savings too, because people, mentally and emotionally and intuitively frame savings as a loss because I have to cut my spending.

Public spending patterns

You want some of me?! Cut! Cut!

But the way to minimize the pain is to cut spending without cutting output, which requires selling to others what residents can no longer afford. In other words, unless Greece boosts exports, spending cuts will amplify the output loss in the same way that Keynesian multipliers amplified the output gain from borrowing.

He also promises an immediate 5 cut in non defense discretionary spending in 2013, on top of the huge cuts already scheduled to take effect. And he has ruled out additional temporary fiscal measures aimed at job creation, like President Barack Obama s proposals for additional grants to states and additional infrastructure spending.

A more effective stimulus would speed up spending that needs to be done anyway. Or cut taxes to change the marginal calculus of firms on layoffs and consumers on spending for example, by suspending the payroll tax on firms and workers for a year or suspending part or all of the sales tax or national value added tax. Better yet would be permanent rate reductions and controls on future spending.

But the stimulus measures transformed a banking crisis into a fiscal and sovereign debt crisis. From 2010 onwards, governments started to raise taxes and cut spending in response to growing fears of sovereign default.

Cut Cut the selected text to the clipboard

Cut Click this to cut the selected area.

It perpetuates deficit spending.

State spending on health

PUBLIC SPENDING ON HEALTH

A little spending money.

Cut.

Cut

Cut

Cut

Cut.

Cut!

Cut!

Cut?

Cut... The player's allowed to cut at any time.

Hey, cut that out. Cut it out. Do you hear?