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In January 2023, the escape clause triggered to suspend the rules of the Stability and Growth Pact will expire, possibly forcing painful fiscal adjustments in countries that are already struggling with the impact of the pandemic. In this second column in a two-part series, the authors focus on the debt management aspect of their proposal to strengthen the European fiscal
Fiscal rules were enshrined in the founding documents of the European Monetary Union. This column presents the latest CfM-CEPR survey, in which the panel of experts on the European economy were nearly unanimous in agreeing that the existing EU fiscal rules require revision. Most panel members would opt for some combination of fiscal councils; more flexible, countercyclical, or
Tax code, and he is talking about allowing it to come back to the u.s., maybe a 10% tax to bring it back. what if you could get all of the tax off of that by investing it in infrastructure bonds? safe bonds, good way to pay for it. when i was governor, that's one of the things we did. we rebuilt our entire interstate system. we did it under budget, ahead of schedule, did it without long-term debt. here is another factor. what about taking a lot of the extraordinary federal land that we have, putting it in private sector hands? i'm not talking about selling off yellowstone park. i'm talking abo...
What if you can get the tax off of that? safe bonds, good way to pay for it. when i was governor we rebuilt our interstate system under budget and ahead of schedule. and you see that in another way. >> another way. that is a great way to view it as well.