But I would argue, as Keynes did, that the boom, not the slump, is the time for austerity at the Treasury. To try to cut spending in a slump, as Osborne is doing, is to prolong the slump.

A slump, after all, is defined by a deficiency in total spending. To try to cure it by spending less is like trying to cure a sick person by bleeding.

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.

The Taiwanese dollar appreciated, causing Taiwanese exports to slump.

The Taiwanese dollar appreciated, causing Taiwanese exports to slump.

Health spending Health spending Spending

A freshly waxed car, the water molecules slump to about 90 degrees.

Today s particular economic circumstances provide a second reason for establishing a National Investment Bank. In slump or even semi slump conditions, a higher than normal proportion of private savings are held in cash or its nearest equivalent (short term treasury bills).

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 .

Public spending patterns

In order to become cheaper, a country s inflation rate must stay below that of its competitors, but that can be accomplished only through an economic slump. The more trade unions defend existing wage structures, and the lower productivity growth is, the longer the slump will be.

So, naturally, the only way out of the slump that I could think of was, I decided to call Oprah.

It perpetuates deficit spending.

State spending on health

PUBLIC SPENDING ON HEALTH

A little spending money.

But we're spending 36 percent.

Just look at this spending.

Are they spending the night?

Stability of social spending is crucial, inasmuch as instability and fluctuations reduce the efficiency of social spending.

Why are we spending 135 billion?

I love spending time with Tom.

II.3.6 Impact on social spending

Why are we spending 135 billion?

So you've started spending it, huh?

Let's not start spending it yet.

Economists agree that, at full employment, higher government spending crowds out private spending. Keynesian models claiming a quick boost from higher government spending below full employment show that the effect soon turns negative.

We've got to limit other mandatory spending.

Tom has been spending time with Mary.

II.3.6 Impact on social spending 12

I'm spending half the night with you?

Of spending the night in her arms

Or spending the weekend at Windsor Castle?

You'll be spending the night in jail.

You're spending more time than that, Bolton.

Enough with the driving and money spending.

Yes, today the European economy is not doing badly. But how long is this likely to last with the US falling into a deep slump?

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.

Overall spending is still dwarfed by US federal research and development spending, which will total 137 billion in the 2007 fiscal year.

Overall spending is still dwarfed by US federal research and development spending, which will total 137 billion in the 2007 fiscal year.

Such spending resulted in 812 million logistics orders.

We're spending 10 billion dollars on the census.