They cheered Cuomo's call for fiscal discipline, a plan that rules out new taxes or borrowing, a plan that would require
far deeper spending cuts than the Legislature has been able to stomach.
Not exact matches
Royal Dutch / Shell and BP on Tuesday joined peers in reporting higher than expected earnings by making
further deep cuts in
spending to cope with an oil price downturn now in its third year.
With the government's strategy over the past few months apparently focused on undermining the Wildrose Alliance by stealing from its agenda, many had expected the Tories would
further woo disaffected right - wing voters with
deep spending cuts in this year's budget, which was unveiled on Feb. 9.
They called for immediate steps to reopen banks and said any deal must address debt sustainability - code for reducing Athens» crushing debt - but gave no hint of concessions from the Greek side towards its creditors» demands for
deep spending cuts and
far - reaching reforms of pensions and labour markets.
For example, the fiscal squeeze that began with the «Geddes Axe» under the UK's last Liberal - Conservative coalition in 1921 - 2 (and implemented in the following three years under three different governments) was also based on
spending cuts alone, and went
far deeper even than the plans announced by George Osborne.
However, while Cuomo's 2011 - 2012 budget proposal included
deep spending cuts, it spared parks and the DEC from having to
further reduce staffing levels, which supporters and unions say have dropped to dangerously low levels.
The congressmen said they «absolutely believe»
deep spending cuts are required, but feel the reductions their fellow House members have proposed are lopsided as
far as NYC and LI are concerned.
If there was one policy associated with the Tories it was
further deep spending and welfare
cuts to generate a budget surplus.
She highlighted components of the report, which called the president's education
cuts «devastating» and noted that the budget is more than $ 6 billion below FY 2010 education
spending levels, proposing
cuts that are
far deeper than in any of the previous five administrations.